VA issued Circular 26-19-19, establishing a new mandatory stacking order for files selected for a VA full file loan review. Per the Circular, VA established
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
New Jersey passed a bill requiring the licensing of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in New
Fannie Mae issued Servicing Guide Announcement SVC-2019-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae simplified policy related to escrow
VA issued Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers. Per the Circular, a lender: Must not advise a borrower who believes they are
Fannie Mae issued Servicing Guide Announcement SVC-2019-04 (Announcement), clarifying eligibility and documentation requirements related to partial lien releases. Per the Announcement: An appraisal is now
Mortgage Servicing Quality Control Notable Audit Findings: January – March 2018 In excess of 17,000 mortgage servicing Quality Control reviews were conducted during the first quarter
Fannie Mae issued Servicing Guide Announcement SVC-2018-02 (Announcement), setting forth updates to the Servicing Guide. Fannie Mae updated the Servicing Guide to incorporate industry best
Mortgage Servicing Quality Control Notable Audit Findings: October – December 2017 Over 20,000 mortgage servicing Quality Control audit findings involving of over 1,700 separate and unique
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
FHA issued Mortgagee Letter (ML) 2025-09 and Title I Letter (TIL) TIL-490 removing loan eligibility for non-permanent residents. Per the ML and TIL, FHA eliminated
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
