Washington adopted rules amending the Mortgage Broker Practices Act. Under the adopted rules: licensing requirements for companies providing loan processing or underwriting services are clarified;
Washington adopted rules amending the Consumer Lending Act. Under the adopted rules: licensing requirements for branch managers and companies providing loan processing or underwriting services
Kentucky passed a bill repealing the registration requirement for mortgage loan processors under the Mortgage Licensing and Regulation Act (MLRA). Under the bill, a mortgage
Mississippi passed a bill amending the S.A.F.E. Mortgage Act (SMA). Under the bill: annual continuing education requirements for mortgage loan originators and qualifying individuals are
Washington passed a bill requiring lenders and servicers to quarterly report to the Department of Commerce (Department) the number of Notices of Sale that have
Fannie Mae issued Lender Letter LL-2016-02. This Lender Letter announces the Fannie Mae Principal Reduction Modification. The Fannie Mae Principal Reduction Modification offers principal reduction
Fannie Mae issued Lender Letter LL-2016-01. This Lender Letter provides guidance with respect to reversing the erroneous removal of a mortgage loan from an MBS
Fannie Mae issued Servicing Guide Announcement SVC-2016-03 (Announcement). This Announcement: eliminates the special servicer approval requirement with respect to Texas Section 50(a)(6) mortgage loans; allows
Utah passed a bill enacting protections for tenants of rental property in foreclosure. Under the bill, a purchaser of residential rental property at a foreclosure
Freddie Mac issued Bulletin 2016-07 (Bulletin). This Bulletin announces the Freddie Mac Principal Reduction Modification, a temporary initiative designed at the direction of the Federal
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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