Nevada adopted rules amending requirements under the Mortgage Banker Act. Under the adopted rules, mortgage bankers that service Nevada mortgage loans made or arranged by
Massachusetts adopted rules amending requirements with respect to the loan modification process for loans qualifying as “certain mortgage loans.” The adopted rules: remove all references
Fannie Mae issued Selling Guide Announcement SEL-2017-01, setting forth updates to the Selling Guide. As outlined in the Announcement, the Selling Guide has been updated
Washington adopted rules clarifying tangible net worth and liquidity requirements for mortgage loan servicers licensed under the Consumer Loan Act (CLA). Under the adopted rules,
Colorado adopted rules amending requirements under the Mortgage Loan Originator Licensing and Mortgage Company Registration Act (MLOLMCRA). Under the adopted rules, a mortgage loan originator
VA issued Circular 26-17-02 (Circular), clarifying and explaining new policy with respect to student loans and the underwriting of a VA home loan. The Circular
California passed a bill enacting foreclosure provisions with respect to successors in interest. Under the bill, if a person claiming to be a successor in
FHA issued Mortgagee Letter 2017-07, indefinitely suspending the reduction of annual Mortgage Insurance Premium rates announced in Mortgagee Letter 2017-01. Click here to view the
Fannie Mae issued Servicing Guide Announcement SVC-2017-01, setting forth updates to the Servicing Guide. The Servicing Guide updates: incorporate new investor reporting requirements; retire the
FHA adopted rules amending the Home Equity Conversion Mortgage (HECM) program. The adopted rules: implement statutory changes; codify policies previously implemented by Mortgagee Letters under
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
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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