The Wyoming Division of Banking adopted rules amending license fees under the Uniform Consumer Credit Code. Under the adopted rules, the initial processing fee for
Fannie Mae issued Selling Guide Announcement SEL-2017-02, setting forth updates to the Selling Guide. Under the updated Selling Guide, a borrower is no longer required
Virginia passed a bill amending provisions regarding foreclosed residential rental property. Under the bill, the foreclosure of residential rental property terminates the tenant’s rental agreement.
The New York Department of Financial Services (DFS) adopted rules requiring financial services institutions regulated by the DFS to maintain a cybersecurity program. Under the
Freddie Mac issued Bulletin 2017-1 (Bulletin), announcing revisions to Freddie Mac’s servicing requirements. Under the Bulletin, servicing requirements are revised with respect to: tax transcript
Fannie Mae issued Servicing Guide Announcement SVC-2017-02 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, the Servicing Guide has been
VA issued Circular 26-17-04, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and tornadoes in Georgia and
VA increased the maximum allowable bankruptcy attorney fees for legal services performed on a servicer’s behalf. VA will now allow attorney fees of $1050 (Chapter
Nevada adopted rules amending requirements under the Mortgage Broker Act. Under the adopted rules, mortgage brokers that service Nevada mortgage loans made or arranged by
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
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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