Texas passed a bill enacting release of lien requirements with respect to home loans (loans secured by a 1-to 4- family dwelling occupied as the
Texas passed a bill amending security breach disclosure requirements. Under the bill, a lender, broker or servicer must notify the attorney general of a breach
Texas adopted rules amending recordkeeping requirements under the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, and the Residential Mortgage Loan Company Licensing
Texas adopted rules relating to home equity lending in light of recent amendments to the Texas Constitution. The adopted rules: update references to the fees
Texas amended the state constitution with respect to “home equity loans.” The constitutional amendment: lowers the 3% home equity loan fee cap to 2% (of
FHA reminds mortgagees of the 90-day foreclosure moratorium for properties located in presidentially-declared major disaster areas due to damage caused in Texas by Hurricane Harvey.
Texas passed a bill authorizing the online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is a notarial
Fannie Mae issued Selling Guide Announcement SEL-2017-03, setting forth updates to the Selling Guide. Under the updated Selling Guide, a lender may obtain a verification
VA revised chapters 4, 5, 7, 8, 9, 10, 11, 12, 14, 15 and Appendix B, E, G and H of the Servicer Handbook (M26-4).
Texas adopted rules amending the Secondary Mortgage Loan Act. The adopted rules: require applicants for a lender or broker license to pay a fee for
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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