VA issued Circular 26-21-10 to extend the foreclosure and eviction moratorium in connection with COVID-19. Per the Circular, VA extended the foreclosure and eviction moratorium
VA issued Circular 26-20-10, Change 2, announcing temporary measures related to borrower qualification for a VA-guaranteed home loan when the borrower’s income and the lender’s
Ohio passed a bill amending the Residential Mortgage Lending Act (RMLA). Under the bill, provisions related to the temporary mortgage loan originator license are repealed.
Connecticut passed a bill amending breach of security requirements. Under the bill, a person that owns, licenses or maintains computerized data that includes personal information
Freddie Mac updated the Refi Possible mortgage requirements announced in Bulletin 2021-17 pertaining to payment history and secondary financing. The updated requirements are effective August
Nevada passed a bill amending “notice of sale” requirements with respect to judicial foreclosures. Under the bill, a “notice of sale” must be mailed to:
Maine passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
FHA issued Mortgagee Letter 2021-16 to extend temporary verification of self-employment, rental income and 203(k) rehabilitation escrow account provisions due to COVID-19. The temporary provisions
Freddie Mac issued Bulletin 2021-17, introducing the Refi Possible refinance mortgage. Per the Bulletin, the Refi Possible mortgage is a new “no-cash out” refinance mortgage
Freddie Mac issued Bulletin 2021-21 announcing a cap structure on the sale of mortgages secured by second home and investment properties. Per the Bulletin, for
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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