Fannie Mae updated reimbursement criteria for certain servicer expenses related to foreclosure. The updated reimbursement criteria relates to the reimbursement of foreclosure attorney fees, sale
Freddie Mac extended the effective date for the revised rental income qualification requirements announced in Single-Family Seller/Servicer Guide Bulletin 2017-12. The effective date of the
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
Oregon passed a bill enacting the Mortgage Loan Servicer Practices Act (MLSPA). Under the bill, a person may not service a residential mortgage loan in
RHS suspended the requirement to obtain an IRS Form 4506-T for all adult household members. The suspension applies to all final GUS and manually underwritten
Fannie Mae issued Selling Guide Announcement SEL-2017-10 (Announcement), setting forth updates to the Selling Guide. As set forth in the Announcement, Fannie Mae updated policy
Freddie Mac issued Bulletin 2017-28 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Pursuant to the Bulletin: lenders are relieved of certain selling representations
Mortgage Servicing Quality Control Notable Audit Findings: July – September 2017 Over 20,000 mortgage servicing Quality Control audit findings involving of over 1,700 separate and unique
Ginnie Mae issued All Participant Memorandum APM 17-06 (APM), announcing revised seasoning requirements for refinance loans. Per the APM, the first payment due date of
The Pennsylvania Department of Banking and Securities issued a bulletin increasing the residential mortgage threshold under the Loan Interest and Protection Law (LIPL). Under the
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
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