The CFPB adopted rules amending disclosure requirements under the Truth-in-Lending Act. The rule adoption: creates tolerances for the total of payments; extends coverage of the
Freddie Mac issued an industry letter announcing changes under the Home Possible Mortgage Program with respect to a borrower’s acceptance of gifts and grants from
RHS revised chapter 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 16: clarify the circumstanced under which
To identify mortgage origination Quality Control audit exceptions that occur frequently, TENA analyzed the audit results from thousands of Origination QC audits that it completed
The CFPB issued non-binding policy guidance with respect to early compliance with the 2016 Mortgage Servicing Final Rule (Final Rule). Certain provisions of the Final
The CFPB adopted a rule making technical, non-substantive corrections to the 2016 Mortgage Servicing Rule. Under the rule adoption, the CFPB corrected two typographical errors,
Freddie Mac issued Bulletin 2017-9 (Bulletin), announcing updates to Freddie Mac’s servicing requirements. The servicing updates relate to: loss mitigation property valuation requirements; modification requirements
Fannie Mae issued Servicing Guide Announcement SVC-2017-05 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, servicers no longer have the
Fannie Mae issued Reverse Mortgage Servicing Manual Announcement RVS-2017-01 (Announcement), setting forth updates to the Reverse Mortgage Loan Servicing Manual (Manual). In accordance with the
Fannie Mae issued a notice announcing the 2017 income limits for HomeReady loans. Desktop Underwriter (DU) will apply the 2017 limits to new DU loan
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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