Fannie Mae issued Selling Guide Announcement SEL-2023-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to trust income
Connecticut passed a bill amending release of lien provisions. Under the bill, a lender or servicer must execute and deliver a release of lien to
Florida passed a bill amending estoppel letter (payoff statement) requirements when a borrower requests an estoppel letter. The bill amends estoppel letter requirements with respect
Texas passed a bill enacting release of lien requirements with respect to home loans (loans secured by a 1-to 4- family dwelling occupied as the
Connecticut passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Utah adopted rules amending the Utah Residential Mortgage Practices and Licensing Act (URMPLA). Under the adopted rules, a mortgage entity licensed under the URMPLA must
Texas passed a bill amending security breach disclosure requirements. Under the bill, a lender, broker or servicer must notify the attorney general of a breach
Montana adopted rules increasing mortgage lender and servicer license renewal fees under the Montana Mortgage Act. Per the rule adoption, the renewal fee for a
North Dakota passed a bill enacting the Residential Mortgage Lenders Act (RMLA). Under the bill, a person may not engage in the business of residential
Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument provides further clarity and
RHS issued a SFH Guaranteed Origination Notice (Notice) revising the effective date of a recently adopted rule amending manufactured housing provisions under the Single Family
RHS issued a SFH Guaranteed Servicing Notice (Notice) revising the effective date of recent revisions to the SFH Guaranteed Loan Program (SFHGLP) Technical Handbook (HB-1-3555).
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
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