VA issued Circular 26-22-11 (Circular), updating wood destroying pest inspection fees and repair cost policies. Per the Circular, VA now permits a borrower to be
Hawaii passed a bill repealing mortgage loan recovery fund fees paid by mortgage loan originator companies under the Secure and Fair Enforcement for Mortgage Licensing
Freddie Mac issued Bulletin 2022-13 (Bulletin) announcing updates to the ACE+PDR requirements originally announced in Bulletin 2022-6. Per the Bulletin, Freddie Mac: Updated the effective
Colorado passed a bill allowing allow mortgage business at remote locations. Under the bill, supervised lenders licensed under the Uniform Consumer Credit Code may conduct
Fannie Mae issued Servicing Guide Announcement SVC-2022-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: transitioned the process for ordering
Freddie Mac issued Bulletin 2022-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: added a requirement for servicers to review
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
Vermont passed a bill permanently authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is defined as a notarial
Maryland passed a bill amending breach of security requirements. Under the bill, a business that maintains but does not own or license personal information must
Freddie Mac issued Bulletin 2022-11 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: expanded eligibility requirements, added new requirements, and
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
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
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