Fannie Mae issued Servicing Guide Announcement SVC-2022-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: added requirements for compliance with
Minnesota issued a notice (Notice) increasing the amount of the state’s homestead exemption. Per the Notice, the homestead exemption is increased to $480,000 (rather than
Fannie Mae updated Lender Letter LL-2021-03: Impact of COVID-19 on Origination to remove the suspension of bulk acquisitions, and update the allowable delivery time for
Fannie Mae issued Selling Guide Announcement SEL-2022-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: added requirements for compliance with
Rhode Island adopted a rule allowing employees to work at remote locations. Under the rule, lenders, brokers, and servicers licensed under the Rhode Island General
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions to existing guidance, technical edits and the
FHA extended the temporary partial waivers issued for Mortgagee Letter 2015-11 and Mortgagee Letter 2016-07. The temporary partial waiver for Mortgagee Letter 2015-11 allows mortgagees
Ohio passed a bill allowing mortgage business at remote locations. Under the bill, lender, brokers, and servicers licensed under the Residential Mortgage Lending Act (RMLA),
Colorado passed a bill allowing allow mortgage business at remote locations. Under the bill, supervised lenders licensed under the Uniform Consumer Credit Code may conduct
Fannie Mae issued Servicing Guide Announcement SVC-2022-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: transitioned the process for ordering
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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