Connecticut Amends Breach of Security Requirements
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
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
Fannie Mae issued a modified Lender Letter LL-2021-10, to update RefiNow requirements related to eligible subordinate financing, borrower’s payment history, and base income documentation. The
RHS announced the expiration of the temporary verification of employment, appraisal and repair inspection provisions implemented on March 27, 2020 due to COVID-19. The temporary
FHA issued Mortgagee Letter 2021-14, extending the implementation date of the April 19, 2021 publication of the Single Family Housing Policy Handbook (Handbook 4000.1). Per
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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