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Washington Amends Foreclosure Laws
Washington passed a bill amending the state’s foreclosure laws. Under the bill, Washington’s foreclosure mediation program was amended to extend the time an attorney or
Washington passed a bill amending the state’s foreclosure laws. Under the bill, Washington’s foreclosure mediation program was amended to extend the time an attorney or
Washington adopted rules allowing loan originators to work at remote locations. Under the rule, a mortgage lender or broker licensed under the Consumer Loan Act
The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving examination and assessment fees under the Consumer Loan Act. Per the Department
Washington Department of Financial Institutions Temporarily Reduces Mortgage Loan Originator License Renewal Fee under Mortgage Broker Practices Act The Washington Department of Financial Institutions issued
The Washington Department of Financial Institutions (Department) adopted rules amending the Consumer Lending Act (CLA). Under the adopted rules, the Department: clarified that master servicers
The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving certain fees under the Consumer Loan Act. Per the Department Letter, the
The Washington Department of Financial Institutions issued a Department Letter temporarily reducing the mortgage loan originator license renewal fee under the Mortgage Broker Practices Act.
Washington passed a bill amending the state’s foreclosure laws. Under the bill, a process is established that lenders and servicers may use to enter and
Washington passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Washington adopted rules clarifying tangible net worth and liquidity requirements for mortgage loan servicers licensed under the Consumer Loan Act (CLA). Under the adopted rules,
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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