Fannie Mae issued Servicing Guide Announcement SVC-2024-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified servicer responsibilities related to
FHA issued Mortgagee Letter 2024-18, updating debenture interest rates used for the payment of debenture interest for Home Equity Conversion Mortgage (HECM) claims and establishing
Freddie Mac issued Bulletin 2024-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to fraud and suspicious activity
Fannie Mae issued Selling Guide Announcement SEL-2024-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated appraisal policies as follows:
Ohio adopted rules repealing and amending provisions under the Residential Mortgage Lending Act. The adopted rules repealed obsolete provisions related to the mortgage loan origination
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing amendments to chapters 17, 18, and 19 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555).
Pennsylvania passed a bill amending breach of security requirements. Under the bill, entities that maintain, store, or manage personal information (Entities) must provide a security
Delaware passed a bill repealing the sunset date of the Automatic Residential Mortgage Foreclosure Mediation Program (Program). Under the bill, the sunset date of the
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing the adoption of a final rule amending special servicing options for non-performing loans and adjusting the
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
New York passed a bill amending the state’s debt collection provisions. Under the bill, a debt collector may not use a social media platform for
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