Freddie Mac issued Bulletin 2024-H (Bulletin) extending the $2,500 Home Possible Very-Low Income Purchase (VLIP) mortgages credit for one additional year and adding a new
Freddie Mac issued Bulletin 2024-17 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to information security requirements are
Fannie Mae issued Selling Guide Announcement SEL-2024-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to the appraisal
Illinois adopted rules modifying examination fees under the Community Reinvestment Act (CRA). Per the rule adoption, entities licensed under the Residential Mortgage License Act that
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process. Under the bill, a foreclosure sale may now be postponed if an
FHA issued Mortgagee Letter 2024-25 extending the foreclosure moratorium for properties located in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia affected by Hurricanes
Fannie Mae issued an update to Lender Letter LL-2024-01 to extend the $2,500 loan-level price adjustment (LLPA) credit for one additional year and to add
FHA issued Mortgagee Letter 2024-24 modernizing requirements for a loss mitigation consultation with borrowers in default. On August 2, 2024, FHA adopted a rule modifying
Freddie Mac issued Bulletin 2024-16 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to refactoring chapter 1302 are
Maryland adopted a rule requiring a shared appreciation disclosure be provided to a borrower in connection with a shared appreciation agreement. Under the adopted rule,
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
New York passed a bill amending the state’s debt collection provisions. Under the bill, a debt collector may not use a social media platform for
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