Fannie Mae issued an update to Lender Letter LL-2023-03 and issued Lender Letter LL 2023-07 to retire servicing policies related to COVID-19. Per the Lender
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes additions, revisions, and various technical edits to Sections
Freddie Mac issued Bulletin 2023-17 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac retired: Freddie Mac also increased the reimbursable
Fannie Mae issued Selling Guide Announcement SEL-2023-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to PDCIR are
Freddie Mac issued Bulletin 2023-16 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to installment agreements and income
RHS implemented the Tribal Property Valuation and Tribal Rehabilitation Pilot Programs. The Tribal Property Valuation Pilot Program provides an alternative approach to obtain values when
RHS revised Chapter 3 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Specifically, RHS revised: The revisions went into effect July 21,
Colorado passed a bill amending the due and payable requirements for reverse mortgage loans with respect to a natural disaster or force majeure. Under the
Florida passed a bill enacting collateral protection insurance (force placed insurance) requirements. The bill enacts requirements with respect to the placement of collateral protection insurance,
Vermont passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
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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