Illinois amended rules under the Residential Mortgage Licensing Act (RMLA). Under the amended rules, mortgage lenders, brokers, servicers and purchasers must now file and maintain
Freddie Mac issued Guide Bulletin 2017-22 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac (jointly with Fannie Mae
Fannie Mae issued Servicing Guide Announcement SVC-2017-09 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae removed duplicative content from several
Fannie Mae issued Lender Letter LL-2017-08, introducing a new imminent default evaluation process for conventional mortgage loan modifications. Developed jointly with Freddie Mac (at the
Maryland passed a bill amending “notice of sale” requirements under the nonjudicial foreclosure process. Under the bill, a “notice of sale” provided in connection with
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
Fannie Mae issued Lender Letter LL-2025-01, updating the time frames within which routine foreclosure proceedings must be completed in 22 jurisdictions. Per the Lender Letter,
Fannie Mae issued Servicing Guide Announcement SVC-2025-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified how to calculate the
FHA issued Mortgagee Letter (ML) 2025-10 extending the foreclosure moratorium for properties located in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia affected by
