Maine adopted rules increasing the initial licensing and renewal fees for mortgage loan originators licensed under the Secure and Fair Enforcement for Mortgage Licensing Act.
Nevada passed a bill authorizing mortgage employees to work at remote locations. Under the bill, a mortgage company licensed under the Mortgage Company and Loan
Rhode Island passed a bill repealing the sunset date of the Foreclosure Mediation Program. The sunset date was previously set for July 1, 2023. Click
New Hampshire passed a bill revising the interest rate paid on funds held in escrow. Under the bill, lenders and servicers must pay interest on
Illinois passed a bill repealing the requirement that the Notice of Foreclosure be sent to the municipality in which the foreclosed property is located, or
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
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 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 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 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
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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