Freddie Mac issued Bulletin 2016-08 (Bulletin). This Bulletin updates the postsettlement delivery fee cap structure for Home Possible and Home Possible Advantage® Mortgages announced in
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
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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