CFPB Issues 2023 LIBOR Transition Interim Rule
April 28, 2023
The CFPB issued the 2023 LIBOR Transition Interim Rule updating the CFPB’s 2021 LIBOR Transition Rule. The Interim rule makes changes consistent with the Adjustable
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Virginia Allows Employees to Work at Remote Locations
April 25, 2023
Virginia passed a bill allowing employees to work at remote locations. Under the bill, a mortgage lender or broker licensed under the Mortgage Lender and
Oklahoma Amends Permissible Finance Charge under Uniform Consumer Credit Code
April 25, 2023
Oklahoma passed a bill amending the permissible finance charge under the Uniform Consumer Credit Code. Under the bill, the permissible finance charge a lender may
New Mexico Amends Revised Uniform Law on Notarial Acts
April 24, 2023
New Mexico passed a bill amending the Revised Uniform Law on Notarial Acts. Under the bill, a notarial act performed under the authority of a
Utah Revises Reverse Mortgage Act
April 20, 2023
Utah passed a bill revising the Reverse Mortgage Act. Under the bill, the minimum borrower age requirement and the timing requirement with respect to borrower
Massachusetts Authorizes Remote Online Notarizations
April 20, 2023
Massachusetts passed a bill authorizing remote online notarizations and establishing requirements for the performance of remote online notarizations. A remote online notarization is a notarial
District of Columbia Enacts Uniform Power of Attorney Act
April 18, 2023
District of Columbia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power
Fannie Mae Issues Servicing Guide Announcement SVC-2023-02
April 14, 2023
Fannie Mae issued Servicing Guide Announcement SVC-2023-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revisions related to the reporting
Freddie Mac Issues Bulletin 2023-10: Servicing Updates
April 14, 2023
Freddie Mac issued Bulletin 2023-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related Broker Price Opinion fees are
RHS Extends COVID-19 Forbearance Deadline
April 10, 2023
RHS issued a SFH Guaranteed Servicing Notice (Notice) extending the COVID-19 forbearance deadline. Per the Notice, RHS extended the date by which a servicer may
