Georgia adopted rules establishing servicing standards under the Georgia Residential Mortgage Act (GRMA). The new servicing standards establish requirements with respect to: dual tracking; evaluation
VA issued Circular 26-17-19 (Circular), providing clarification and guidance concerning testing of individual (private) water supply systems for properties subject to VA backed loans. In
Hawaii passed a bill requiring the release of a security instrument evidencing the assignment of the borrower’s interest in leases and rents upon full satisfaction
Delaware passed a bill extending the sunset date of the Automatic Residential Mortgage Foreclosure Mediation Program (Program) for an additional 2 years. Under the bill,
Freddie Mac issued Bulletin 2017-10 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Under the Bulletin, Freddie Mac added a new Chapter to the Single-Family
New Hampshire passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
Hawaii passed a bill enacting change of control requirements under the Mortgage Servicers Act (MSA). Under the bill, a mortgage servicer licensed under the MSA
Fannie Mae issued Servicing Guide Announcement SVC-2017-06, setting forth updates to the Servicing Guide with respect to property inspection and preservation. As outlined in the
Rhode Island passed a bill making residential mortgage fraud a crime. Under the bill, a person found guilty of residential mortgage fraud is subject to
Nevada passed a bill reestablishing the Foreclosure Mediation Program. Nevada’s Foreclosure Mediation Program was set to expire on June 30, 2017. Under the bill, the
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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