Wisconsin passed a bill eliminating variable rate, adverse action and transfer of servicing disclosure requirements. Under the bill, a lender is no longer required to
Wisconsin passed a bill removing an approved index for variable rate transactions. Under the bill, use of the national average mortgage contract rate for major
Wisconsin passed a bill allowing internet-based foreclosure auctions. Under the bill, a county may enact an ordinance requiring mortgage foreclosure sales to be conducted online
Wisconsin passed a bill amending requirements with respect to payoff statements. Under current law, lenders and servicers may not qualify a payoff amount or state
Wisconsin passed a bill eliminating the requirement that lenders and servicers pay interest on funds held in escrow. Under the bill, lenders and servicers are
VA issued Circular 26-17-32, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms in Wisconsin. The measures include:
Wisconsin passed a bill amending the foreclosure redemption period with respect to 1- to 4- family owner occupied residences. Under the bill, the foreclosure redemption
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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