Colorado Enacts Revised Uniform Law on Notarial Acts
May 25, 2017
Colorado passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
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VA Clarifies Distance and Proximity Requirements with respect to Comparable Sale Properties
May 23, 2017
VA issued Circular 26-17-14 (Circular), providing clarification with respect to distance and proximity requirements for comparable sale properties used in VA appraisals. VA does not
Freddie Mac Issues Bulletin 2017-7: Selling Updates
May 18, 2017
Freddie Mac issued Bulletin 2017-7 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Under the Bulletin, Freddie Mac expands the mortgage types eligible for collateral
FHA Updates HUD-Owned Real Estate Sales Contract and Addendum Forms
May 18, 2017
FHA issued updated HUD-owned Real Estate Sales Contract and Addendum Forms. The updated forms support FHA’s Claims and Disposition policy located in Section IV.B.2 of
RHS Revises Single Family Housing Guaranteed Loan Program Technical Handbook
May 18, 2017
RHS revised chapters 12, 17, 18 and Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 12
Georgia Increases Required Surety Bond Amount under Residential Mortgage Act
May 18, 2017
Georgia passed a bill increasing the required surety bond amount for mortgage lenders and brokers licensed under the Residential Mortgage Act. Under the bill, the
Georgia Enacts Uniform Power of Attorney Act
May 18, 2017
Georgia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
VA Revises Servicer Handbook (M26-4)
May 18, 2017
VA revised chapters 1, 9, 10, 15 and Appendix G of the Servicer Handbook (M26-4). Chapter 1 was revised to include Chapter 19 in the
Freddie Mac Issues Bulletin 2017-6: Servicing Updates
May 11, 2017
Freddie Mac issued Bulletin 2017-6 (Bulletin), announcing updates to Freddie Mac’s servicing requirements. The Bulletin announces servicing updates in response to the CFPB’s recent amendments
Fannie Mae Issues Servicing Guide Announcement SVC-2017-04
May 11, 2017
Fannie Mae issued Servicing Guide Announcement SVC-2017-04 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, several updates to the Servicing
