FHA adopted rules establishing a 40-year loan modification option. Under the adopted rules, lenders and servicers may increase the maximum term of a loan modification
FHA adopted rules transitioning from the London Interbank Offered Rate (LIBOR) index to the Secured Overnight Financing Rate (SOFR) index for FHA-insured ARMs. Per the
Maryland adopted rules amending foreclosure procedures for residential property. Under the adopted rules, a Notice of Intent to Foreclose expires and must be reissued in
FHA issued Mortgagee Letter 2023-03, requiring electronic submissions for all Title II single-family mortgage insurance claim types. Per the Mortgagee Letter, FHA eliminated paper-based filings
FHA issued Mortgagee Letter 2023-03, correcting and republishing expansion of COVID-19 recovery loss mitigation options Mortgagee Letter 2023-02. Per this Mortgagee Letter, FHA made 3
RHS updated chapter 18 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Per the update, RHS clarified that a borrower must be
Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice,
VA issued Circulars 26-23-03, Change 1 and 26-23-04, Change 1 (Circulars), adjusting the effective date of Circulars 26-23-03 and 26-23-04. Per the Circulars, VA adjusted
FHA issued Mortgagee Letter 2023-02, extending the availability of, and expanding, COVID-19 recovery loss mitigation options. Per the Mortgagee Letter, FHA: Extended the COVID-19 Recovery
Fannie Mae corrected the Allowable Foreclosure Attorney Fees Exhibit. The correction to the Allowable Foreclosure Attorney Fees Exhibit corrects the Louisiana judicial foreclosure fee from
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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