Freddie Mac issued Guide Bulletin 2016-13 (Bulletin). The Bulletin: provides servicers additional flexibility when filing for relief from the automatic stay of bankruptcy; removes the
Fannie Mae issued Servicing Guide Announcement SVC-2016-06 (Announcement). The Announcement: establishes servicer responsibility for monitoring a post- foreclosure bankruptcy attorney (based on the timing of
Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2016 HomeReady income limits will be available
Hawaii Amends Secure and Fair Enforcement for Mortgage Licensing Act and Mortgage Servicers Act Hawaii passed a bill amending the Secure and Fair Enforcement for
The Federal Housing Administration (FHA) published updates to its Single Family Housing Policy Handbook 4000.1 (SF Handbook), and launched a number of updated training and
VA updated Circular 26-14-36 (Circular). Under the updated Circular, credit report invoice requirements announced on the original Circular 26-14-36 are clarified, the term“HUD-1” on the
VA issued Circular 26-16-17 (Circular). The Circular describes measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, flooding, landslides
Georgia adopted rules repealing the mortgage broker experience and education requirements under the Residential Mortgage Act (RMA). Under the adopted rules, an applicant for a
Colorado passed a bill enacting release of lien requirements with respect to lines of credit. Under the bill, if a line of credit is secured
Freddie Mac issued Guide Bulletin 2016-12 (Bulletin). The Bulletin: revises ARM notes and riders to include new language imposing a lifetime floor equal to the
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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