RHS issued an announcement outlining the relief measures loan holders and loan servicers should employ to assist borrowers affected by the Maui wildfires. The measures
North Dakota passed a bill amending escrow requirements with respect to surplus escrow funds. Under the bill, a servicer that maintains an escrow account in
Maine passed a bill enacting a private mortgage insurance disclosure requirement under the Maine Consumer Credit Code. Under the bill, a supervised lender or servicer
Minnesota passed a bill imposing Net Worth requirements for large mortgage servicers licensed under the Minnesota Residential Mortgage Originator and Servicer Licensing Act. Under the
Louisiana passed a bill permitting online foreclosure auctions. Under the bill, a sheriff may conduct a foreclosure sale via an online auction. In addition, the
VA issued Circular 26-23-12 to update COVID-19 home retention waterfall and temporary home retention options (loan deferment and COVID-19 refund modification) following the termination of
VA issued Circular 26-23-13 to remove an interior access attempt requirement with respect to liquidation appraisals. Per the Circular, VA removed the requirement that a
Fannie Mae issued an update to Lender Letter LL-2023-03 and issued Lender Letter LL 2023-07 to retire servicing policies related to COVID-19. Per the Lender
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes additions, revisions, and various technical edits to Sections
Freddie Mac issued Bulletin 2023-17 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac retired: Freddie Mac also increased the reimbursable
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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