North Dakota passed a bill enacting the Residential Mortgage Loan Servicers Act. Under the bill, a person may not engage in the business of residential
VA issued Circular 26-23-16 (Circular), describing measures mortgagees may employ to provide relief to Hawaii home loan borrowers affected by wildfires. The measures include: the
RHS issued an announcement outlining the relief measures loan holders and loan servicers should employ to assist borrowers affected by the Maui wildfires. The measures
North Dakota passed a bill amending escrow requirements with respect to surplus escrow funds. Under the bill, a servicer that maintains an escrow account in
Maine passed a bill enacting a private mortgage insurance disclosure requirement under the Maine Consumer Credit Code. Under the bill, a supervised lender or servicer
Minnesota passed a bill imposing Net Worth requirements for large mortgage servicers licensed under the Minnesota Residential Mortgage Originator and Servicer Licensing Act. Under the
Louisiana passed a bill permitting online foreclosure auctions. Under the bill, a sheriff may conduct a foreclosure sale via an online auction. In addition, the
Colorado passed a bill amending the renewal deadline date for a supervised lender license under the Uniform Consumer Credit Code. Under the bill, the renewal
VA issued Circular 26-23-12 to update COVID-19 home retention waterfall and temporary home retention options (loan deferment and COVID-19 refund modification) following the termination of
VA issued Circular 26-23-13 to remove an interior access attempt requirement with respect to liquidation appraisals. Per the Circular, VA removed the requirement that a
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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