Georgia Mandates Information on First Page of Security Deed
May 19, 2022
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
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Fannie Mae Issues Servicing Guide Announcement SVC-2022-03
May 16, 2022
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 Adds Exclusive Sales Period for Owner-Occupants, Governmental Entities and HUD-Approved Nonprofits in Claims Without Conveyance of Title Process
May 9, 2022
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 Increases Expense Reimbursement Limit for Interior and Exterior Property Inspections
May 4, 2022
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 Updates Escrow Analysis Requirements
May 4, 2022
Fannie Mae updated Lender Letter LL-2021-07 to update escrow analysis requirements. Per the updated Lender Letter, Fannie Mae clarified that servicers must spread any escrow
FHA Adds 40-Year Loan Modification with Partial Claim as COVID-19 Recovery Loss Mitigation Option
April 25, 2022
FHA issued Mortgagee Letter 2022-07, adding a 40-year loan modification with partial claim as a COVID-19 Recovery Loss Mitigation Option (COVID-19 Recovery Option). Per the
Maine Enacts Revised Uniform Law on Notarial Acts
April 25, 2022
Maine passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Fannie Mae Issues Servicing Guide Announcement SVC-2022-02
April 15, 2022
Fannie Mae issued Servicing Guide Announcement SVC-2022-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to the
Kentucky Allows Employees to Work at Alternate Work Locations
April 15, 2022
Kentucky passed a bill allowing employees to work at alternate work locations. Under the bill, a mortgage loan company or loan broker licensed under the
Kansas Allows Mortgage Business at Remote Locations
April 15, 2022
Kansas passed a bill allowing mortgage business at remote locations. Under the bill, a mortgage company licensed under the Mortgage Business Act (MBA) may conduct
