Freddie Mac issued Bulletin 2021-14: Servicing Updates (Bulletin) introducing updates that provide opportunities to streamline processes and support responsible lending. Per the Bulletin, Freddie Mac: Adjusted

Freddie Mac issued Bulletin 2021-12 (Bulletin) announcing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Home Possible

Fannie Mae issued Lender Letter LL-2021-09 addressing the revised qualified mortgage rule and loan eligibility. Per the Lender Letter, loans with application dates on and

Freddie Mac issued Bulletin 2021-13 addressing the revised qualified mortgage rule and loan eligibility. Per the Bulletin, loans with application dates on and after July

Fannie Mae issued Selling Guide Announcement SEL-2021-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Introduced 2 new forms (Form

The CFPB announced the recession of seven policy statements issued last year that provide temporary flexibilities to financial institutions due to COVID-19. The statements rescinded

VA issued Circular 26-21-07, updating home retention options and alternatives to foreclosure for borrowers affected by COVID-19. Per the Circular, VA now permits servicers to

Freddie Mac issued Guide Bulletin 2021-11, announcing an updated eligibility requirement for mortgages secured by investment properties or second homes. Per the Bulletin, a manually

Minnesota passed a bill requiring lenders and servicers to communicate with third-party designees and independent counseling agencies in the event of reverse mortgage loan default.

New York passed a bill amending the state’s power of attorney requirements. Under the bill, the principal’s signature on a power of attorney must be