FHA issued Mortgagee Letter 2016-16 updating the source for obtaining the 10-year London Interbank Offered Rate (LIBOR) swap rate. Under the Mortgagee Letter, mortgagees must
Freddie Mac issued Guide Bulletin 2016-19 revising Freddie Mac’s income qualification requirements and guidance. The revisions provide additional requirements and guidance on matters that impact
The CFPB amended its guidance on service providers to clarify that the depth and formality of the risk management program for service providers may vary
Fannie Mae issued Selling Guide Announcement SEL-2016-08 (Announcement). The Announcement: introduces a new optional DU validation service for income; permits the waiver of appraisal requirements
VA revised chapter 21 of the Servicer Handbook (M26-4). Chapter 21 was revised to address VA guaranteed home loans affected by a Federal Emergency Management
Fannie Mae issued Servicing Guide Announcement SVC-2016-09 (Announcement). The Announcement: updates servicer responsibilities related to cancelling property insurance and managing property following a foreclosure sale;
The Tennessee Department of Financial Institutions announced the 2016-2017 supervision fee for mortgage lenders, brokers and servicers licensed under the Residential Lending, Brokerage and Servicing
FHA reminds mortgagees of the 90-day foreclosure moratorium for properties located in presidentially-declared major disaster areas due to damage caused by Hurricane Matthew. Click here
VA issued Circular 26-16-31 (Circular) describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Matthew. Click here to view
Montana adopted rules reducing the license renewal fees under the Montana Mortgage Act (MMA) for 2017. Under the adopted rules, the renewal fee for a
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
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