FHA issued a mortgagee letter updating preservation and protection requirements and cost reimbursement procedures for title II forward mortgages and HECMs. This mortgagee letter: consolidates
This Single-Family Seller/Servicer Guide Bulletin: revises certain investor reporting and default management criteria in the Servicer Success Scorecard; requires that all servicers be set up
The New York Department of Financial Services (Department) issued an industry letter mandating the use of the national average commitment rate when determining whether
On January 12, 2016, the Federal Housing Administration (FHA) issued Mortgagee Letter (ML) 2016-01 , Additional Extension of Certain Timeframes in Connection with Mortgagee Letter
In November of 2015, Georgia adopted rules aligning disclosure requirements under the RMA with the disclosure requirements under the new TILA-RESPA Integrated Disclosure rule. This
Nevada Adopts Mortgage Servicer Act Rules Nevada adopted rules amending the Mortgage Servicer Act (MSA). The adopted rules: establish requirements and application procedures for licensure;
Vermont repeals and readopts rules governing the treatment of nonpublic personal information about borrowers by financial institutions. The readopted rules are substantially similar to the
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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