Oregon passed a bill enacting a temporary COVID-19 related foreclosure moratorium. Under the bill, a mortgage lender or servicer may not foreclose a property (either
Maryland passed a bill requiring mortgage lenders, brokers, and servicers to disclose the NMLS unique identifier in advertisements, websites, and at licensed locations. The bill
Washington passed a bill amending the amount of the state’s homestead exemption. Under the bill, the homestead exemption is now the greater of $125,000 or
South Carolina passed a bill enacting the Electronic Notary Public Act and establishing notarial certificate requirements for the performance of electronic notarizations. An electric notarization
Colorado passed a bill prohibiting discrimination based on gender expression and gender identity. Under the bill, a person whose business includes engaging in residential real
Washington passed a bill amending the scope of the foreclosure mediation program, and the written and telephone contact requirement prior to filing a notice of
FNMA issued Selling Guide Announcement SEL-2021-04 (Announcement), updating QC collateral risk assessment requirements. Currently, a lender is required to obtain an appraisal field review for
Indiana passed a bill amending publication requirements with respect to a foreclosure notice of sale. Currently, a sheriff is required to publish a notice of
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
Fannie Mae issued Lender Letter LL-2021-10 (Letter), introducing the RefiNow refinance option. Per the Letter, the RefiNow option offers expanded eligibility to benefit borrowers at
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
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
