Maryland Amends Maryland Mortgage Lender Law
July 19, 2023
Maryland passed a bill amending the Maryland Mortgage Lender Law (MMLL). Under the bill, a mortgage lender, broker and servicer licensed under the MMLL must
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Florida Permits Loan Originators to Work at Remote Locations
July 19, 2023
Florida passed a bill permitting loan originators to work at remote locations. Under the bill, a mortgage lender, broker, or servicer licensed under the Mortgage
Montana Revises Montana Mortgage Act
July 19, 2023
Montana passed a bill revising the Montana Mortgage Act (MMA). The bill revised the MMA to allow remote work for a mortgage business, clarify reporting
Washington Amends Foreclosure Laws
July 19, 2023
Washington passed a bill amending the state’s foreclosure laws. Under the bill, Washington’s foreclosure mediation program was amended to extend the time an attorney or
Freddie Mac Issues Bulletin 2023-15: Selling Updates
July 17, 2023
Freddie Mac issued Bulletin 2023-15 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to PAR are effective for
FHA Updates Requirements Related to HECM Borrower Payments Due to Lender or Servicer Default
July 17, 2023
FHA issued Mortgagee Letter 2023-15 updating requirements related to HECM borrower payments due to mortgagee default. Per the Mortgagee Letter, FHA changed the process FHA
Fannie Mae Issues Selling Guide Announcement SEL-2023-06
July 17, 2023
Fannie Mae issued Selling Guide Announcement SEL-2023-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to condo and
Fannie Mae Issues Servicing Guide Announcement SVC-2023-04
July 17, 2023
Fannie Mae issued Servicing Guide Announcement SVC-2023-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revisions related to release or
RHS Amends Income Limits under Single Family Housing Guaranteed Loan Program
July 17, 2023
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
RHS Updates Chapters 5, 13, 15 and Appendix 4 of Single Family Housing Guaranteed Loan Program Technical Handbook
June 29, 2023
RHS revised chapters 5, 13, 15, and Appendix 4 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 5
