Colorado Enacts Nonbank Mortgage Servicers Act
Colorado passed a bill enacting the Nonbank Mortgage Servicers Act (NMSA). Under the bill, effective January 31, 2022, a person may not act as a
Colorado passed a bill enacting the Nonbank Mortgage Servicers Act (NMSA). Under the bill, effective January 31, 2022, a person may not act as a
RHS issued a SFH Guaranteed Servicing notice (Notice), removing the September 30, 2021 deadline for a borrower requested forbearance due to COVID-19. Per the Notice,
VA issued Circular 26-21-17 setting forth requirements for requesting a partial claim payment under the COVID-19 Veterans Assistance Partial Claim Payment Program (COVID-VAPCP). Per the
FHA issued Mortgagee Letter 2021-23, announcing the transition of appraisal deliveries from the Legacy Electronic Appraisal Delivery (EAD) Portal to the FHA Catalyst: Electronic Appraisal
VA issued Circular 26-21-16 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Ida. The measures include: the
RHS issued Administrative Notice 4882, requiring all approved lenders to register in the System for Award Management (SAM). The registration requirement applies to new applications
FHA issued Mortgagee Letter 2021-21, announcing the transition of the Single Family Default Monitoring System (SFDMS) from FHA Connection to FHA Catalyst. Per the Mortgagee
FHA issued 2 temporary partial waivers related to Home Equity Conversion Mortgage (HECM) policies for borrowers impacted by COVID-19. The waivers allow a mortgagee to
Freddie Mac issued Bulletin 2021-29 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac revised requirements with respect to: Home Possible
Fannie Mae issued Selling Guide Announcement SEL-2021-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Announced that lenders are allowed
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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