Freddie Mac issued Bulletin 2022-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: added a requirement for servicers to review
Vermont passed a bill permanently authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is defined as a notarial
Maryland passed a bill amending breach of security requirements. Under the bill, a business that maintains but does not own or license personal information must
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing new default status reason codes for electronic status reporting. Per the Notice, RHS added 12 new
Connecticut passed a bill imposing net worth requirements for large mortgage servicers. Under the bill, mortgage servicers that service (or subservice) at least 2,000 mortgage
New York passed a bill prohibiting discrimination against victims of domestic violence. Under the bill, a lender may not discriminate against an applicant or borrower
Georgia passed a bill mandating the information that must be included on the first page of a security deed. Under the bill, a security deed
Fannie Mae issued Servicing Guide Announcement SVC-2022-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Eliminated the requirement to provide
FHA issued Mortgagee Letter 2022-08, adding an exclusive sales period for owner-occupants, HUD-approved nonprofits, and governmental entities in the claims without conveyance of title (CWCOT)
Fannie Mae updated Lender Letter LL-2021-02 to increase the expense reimbursement limit by $5 for interior and exterior property inspections. The interior property inspection maximum
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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