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
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
