VA Offers 40-Year Loan Modification Option
April 26, 2024
VA issued Circular 26-24-08 to offer a 40-Year Loan Modification option to assist borrowers in reaching an affordable payment in the current environment of rising
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Freddie Mac Issues Bulletin 2024-05: Servicing Updates
April 12, 2024
Freddie Mac issued Bulletin 2024-05 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated Exhibit 93 (Evaluation Notices) to remove
VA Revises Chapter 9 of Servicer’s Handbook (M26-4)
April 12, 2024
VA revised chapter 9 of the Servicer’s Handbook (M26-4). Chapter 9 was retitled from “Refunds” to “VA Purchase”. Sections 9.01 and 9.02 were also updated
Iowa Authorizes Employees to Work at Remote Locations
April 12, 2024
Iowa passed a bill authorizing employees to work at remote locations. Under the bill, a mortgage lender, broker, or servicer licensed under the Mortgage Bankers
Iowa Exempts Mortgage Bankers from Certain Loan Charge Restrictions
April 12, 2024
Iowa passed a bill exempting mortgage bankers from certain loan charge restrictions. Under the bill, a mortgage banker licensed under the Mortgage Bankers and Brokers
FHA Extends Partial Waiver of Face-to-Face Interview Requirement for Borrowers in Default
April 10, 2024
FHA extended a partial waiver of the face-to-face interview requirement for borrowers in default. The partial waiver allows lenders and servicers to utilize alternative methods
Freddie Mac Issues Bulletin 2024-04: Selling Updates
April 10, 2024
Freddie Mac issued Bulletin 2024-04 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated a manufactured home requirement to allow
RHS Revises Chapters 8, 12, and 15 of Single Family Housing Guaranteed Loan Program Technical Handbook
April 2, 2024
RHS revised chapters 8, 12, and 15 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 8 removed all
West Virginia Amends Residential Mortgage Lender, Broker and Servicer Act, and SAFE Mortgage Licensing Act
March 29, 2024
West Virginia passed a bill amending the Residential Mortgage Lender, Broker and Servicer Act (RMLBSA) and the SAFE Mortgage Licensing Act (SMLA). The bill amended
New Jersey Amends Notice of Intention to Foreclose Delivery Requirements
March 29, 2024
New Jersey passed a bill amending delivery requirements with respect to a notice of intention to foreclose mortgage lenders and servicers are required to provide
