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
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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
FHA Extends COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage Extension Policies
April 10, 2023
FHA issued Mortgagee Letter 2023-08, extending COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage extension policies. Per the Mortgagee Letter, FHA extended COVID-19 Forbearance and
Fannie Mae Updates Payment Deferral Policy Requirements
March 31, 2023
Fannie Mae issued Lender Letter LL-2023-04, updating Fannie Mae’s payment deferral requirements. Per the Lender Letter, Fannie Mae replaced all payment deferral requirements reflected in
Freddie Mac Updates Payment Deferral Requirements
March 31, 2023
Freddie Mac issued Bulletin 2023-8 (Bulletin), updating payment deferral requirements. Per the Bulletin, Freddie Mac: In addition, Freddie Mac announced new outreach requirements for mortgages
FHA Expands Definition of Imminent Default to Include Homeowners who Qualify for Homeowner Assistance Funds
March 27, 2023
FHA issued a notice expanding the definition of imminent default to include homeowners who qualify for Homeowner Assistance Funds (HAF). Per the notice, servicers will
Freddie Mac Reissues Bulletin 2023-2: LIBOR Transition
March 9, 2023
Freddie Mac reissued Bulletin 2023-2: LIBOR Transition (Bulletin) to notify servicers of a correction to the original publication (published on January 25, 2023). Per the
Fannie Mae Removes COVID-19 Related Property Inspection and Preservation Policies
March 9, 2023
Fannie Mae issued Lender Letter LL-2023-03 (formerly numbered LL-2021-02) to remove COVID-19 related property inspection and preservation policies. Per the Lender Letter, the policies were
