VA issued Circular 26-21-08, expanding home loan eligibility based on certain National Guard service. Per the Circular, expanded eligibility includes members of the Army National
New Mexico passed a bill amending adjustable rate mortgage provisions for “home loans” (loans of $548,250 or less secured by a 1- to 4-family property
New Jersey passed a bill amending the content of the foreclosure mediation notice mortgage lenders and servicers are required to provide borrowers in default. Under
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 The statements rescinded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
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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