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
Nebraska passed a bill amending the Financial Data Protection and Consumer Notification of Data Security Breach Act (Act). Under the bill, a person that is
HUD issued Mortgagee Letter 2016-08. This Mortgagee Letter provides guidance on calculating student loan payments when determining a borrower’s debt-to-income ratio for qualification purposes. Click
Freddie Mac issued Bulletin 2016-06 (Bulletin). This Bulletin: eliminates certain insurance coverage requirements for condominium projects that are reviewed under the streamlined project review type,
Utah passed a bill requiring mortgage lenders licensed under the Utah Residential Mortgage Practices and Licensing Act (URMPLA) to file a Residential First Mortgage Notification
Washington passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
West Virginia passed a bill permitting the recovery of additional charges in the event of a consumer loan default. Under the bill, a lender or
Utah passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
HUD issued Mortgagee Letter 2016-07. This Mortgagee Letter provides mortgagees with an optional extension to submitting a Due and Payable request where borrowers are behind
West Virginia passed a bill permitting the collection of interest on a loan during the rescission period (when a right of rescission applies under 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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