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Virginia Allows Employees to Work at Remote Locations
Virginia passed a bill allowing employees to work at remote locations. Under the bill, a mortgage lender or broker licensed under the Mortgage Lender and
Virginia passed a bill allowing employees to work at remote locations. Under the bill, a mortgage lender or broker licensed under the Mortgage Lender and
Virginia passed a bill amending dual capacity disclosure requirements for mortgage brokers licensed under the Mortgage Lender and Broker Act. Under the bill, a dual
Virginia passed a bill amending Notice of Sale requirements under the nonjudicial foreclosure process. Under the bill, if a lender or servicer has received notification
Virginia passed a bill amending provisions regarding foreclosed residential rental property. Under the bill, the foreclosure of residential rental property terminates the tenant’s rental agreement.
Virginia passed a bill amending office requirements under the Lender and Broker Act. Under the bill, a mortgage lender and broker is no longer required
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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