Utah Revises Reverse Mortgage Act
April 20, 2023
Utah passed a bill revising the Reverse Mortgage Act. Under the bill, the minimum borrower age requirement and the timing requirement with respect to borrower
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Massachusetts Authorizes Remote Online Notarizations
April 20, 2023
Massachusetts passed a bill authorizing remote online notarizations and establishing requirements for the performance of remote online notarizations. A remote online notarization is a notarial
District of Columbia Enacts Uniform Power of Attorney Act
April 18, 2023
District of Columbia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power
Fannie Mae Issues Servicing Guide Announcement SVC-2023-02
April 14, 2023
Fannie Mae issued Servicing Guide Announcement SVC-2023-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revisions related to the reporting
Freddie Mac Issues Bulletin 2023-10: Servicing Updates
April 14, 2023
Freddie Mac issued Bulletin 2023-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related Broker Price Opinion fees are
RHS Extends COVID-19 Forbearance Deadline
April 10, 2023
RHS issued a SFH Guaranteed Servicing Notice (Notice) extending the COVID-19 forbearance deadline. Per the Notice, RHS extended the date by which a servicer may
FHA Extends COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage Extension Policies
April 10, 2023
FHA issued Mortgagee Letter 2023-08, extending COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage extension policies. Per the Mortgagee Letter, FHA extended COVID-19 Forbearance and
Freddie Mac Issues Bulletin 2023-9: Selling Updates
April 6, 2023
Freddie Mac issued Bulletin 2023-9 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions with respect to the Puerto Rico
Fannie Mae Issues Selling Guide Announcement SEL-2023-03
April 6, 2023
Fannie Mae issued Selling Guide Announcement SEL-2023-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to the reporting
RHS Revises Chapters 4 and 6 of Single Family Housing Guaranteed Loan Program Technical Handbook
April 3, 2023
RHS revised chapters 4 and 6 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 4 clarify lender responsibilities
