Connecticut passed a bill amending the content of the statutory power of attorney forms under the Uniform power of Attorney Act. The bill becomes effective
The CFPB adopted rules amending provisions under the Equal Credit Opportunity Act (ECOA). The adopted rules: provide creditors additional flexibility in complying with ECOA in
Fannie Mae issued Selling Guide Announcement SEL-2017-08 (Announcement), setting forth updates to the Selling Guide. Under the updated Selling Guide, lenders must electronically submit to
Freddie Mac issued Bulletin 2017-21 (Bulletin). Per the Bulletin, the temporary selling and servicing requirements related to Hurricanes Harvey and Irma in Bulletins 2017-14, 2017-16
Fannie Mae issued Lender Letter LL-2017-07. Per the Lender Letter, Fannie Mae is extending the disaster policies communicated in recent Lender Letters to all hurricanes
FHA issued a waiver regarding the timeframe for completing damage inspections in Presidentially-Declared Major Disaster Areas (PDMDA) in Florida. FHA currently requires that all properties
VA issued Circular 26-17-27, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Irma. The measures include: the forbearance
South Carolina passed a bill amending the Licensing of Mortgage Brokers Act (LMBA). The amendments to the LMBA: remove the requirement that mortgage brokers maintain
South Carolina passed a bill amending the Mortgage Lending Act (MLA). The amendments to the MLA: add a definition for “loan correspondent”; revise licensing requirements
New Jersey passed a bill requiring Servicers to respond to short sale offers. Under the bill, a servicer must respond to a short sale offer
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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