New York passed a bill requiring banks and trust companies to provide a written notification prior to establishing an alternative payment schedule for an existing
Fannie Mae revised the Tennessee security instrument Standard Form (Form 3043) and Short Form (Form 3043-SF), and updated the instructions for the Multistate SOFR ARM
Fannie Mae issued Selling Guide Announcement SEL-2021-10 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: expanded the acceptable age of
Freddie Mac issued Bulletin 2021-34 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac revised condominium and cooperative project requirements as
Fannie Mae issued Lender Letter LL-2021-015, providing advance notice of upcoming changes to Fannie Mae’s delivery requirement for unrecorded assignments of mortgage for loans not
Fannie Mae issued an update to Lender Letter LL-2021-010 to expand refinance eligibility for the RefiNow option. Per the updated Lender Letter, Fannie Mae: Increased
Freddie Mac issued Bulletin 2021-33, updating requirements with respect to the Refi Possible Mortgage Offering. Per the Bulletin, Freddie Mac: Removed the requirement that the
Freddie Mac issued Bulletin 2021-32 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revised lender/servicer and related third-party risk mitigation
California passed a bill requiring a lender or broker refinancing a first lien, purchase money loan secured by 1-to 4- dwelling units to provide an
Fannie Mae issued Servicing Guide Announcement SVC-2021-07 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated requirements for reclassification 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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