Fannie Mae issued Servicing Guide Announcement SVC-2018-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae consolidated current forbearance plan workout
Georgia passed a bill amending the Power of Attorney Act (PAA). Under the bill, persons who witness or who acknowledge (e.g., notary publics) the execution
Freddie Mac issued Bulletin 2018-8 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac: updated Enhanced Relief Refinance Mortgage requirements
VA amended requirements for processing site condominiums in Michigan. A site condominium is defined as a single family totally detached dwelling (no shared garages or
VA issued Circular 26-18-13 (Circular), setting forth amended Interest Rate Reduction Refinance Loan (IRRRL) requirements in light of the recently passed Economic Growth, Regulatory Relief
VA increased the maximum allowable liquidation appraisal fees for properties located in Oregon. These changes are reflected on the VALERI Fee Cost Schedule. The increased
Fannie Mae issued Lender Letter LL-2018-02, providing updates and additional details regarding the upcoming High Loan-to-Value Refinance option (available later this year). Fannie Mae introduced
Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2018 HomeReady income limits will be available
RHS amended chapter 3 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555). Pursuant to the amendments, RHS added language to specify that lender re-certification
RHS revised Form RD 3555-21 “Request for Single Family Housing Loan Guarantee” (Form). Effective November 1, 2018, all loan packages must include the revised Form
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
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
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