FHA issued Mortgagee Letter 2020-49, announcing updates to the Addendum to Uniform Residential Loan Application (Form HUD-92900-A). Per the Mortgagee Letter, the updated Addendum contains

FHA issued Mortgagee Letter 2020-48, announcing updated appraisal standards for the sales comparison approach for a category of manufactured housing that meets Fannie Mae’s MH

New York passed a bill enacting loss mitigation and foreclosure notice requirements for reverse mortgages subject to the federal Home Equity Conversion Mortgage (HECM) program.

New York passed a bill amending the state’s statutory power of attorney provisions. The bill revised provisions related to definitions, grants of authority for certain

Oregon adopted rules amending the content of the consumer complaint statement that must be included in each mortgage loan billing statement and notice. The adopted

Freddie Mac issued Bulletin 2020-48 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated liquidity eligibility requirements for non-depository sellers

Fannie Mae issued Servicing Guide Announcement SVC-2020-08 (Announcement), setting forth modified liquidity eligibility requirements for non-depository seller/servicers. Per the Announcement, the unused, undesignated, and available

Fannie Mae issued Selling Guide Announcement SEL-2020-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated the Selling Guide to

Freddie Mac issued Guide Bulletin 2020-47 to extend temporary verification of employment, appraisal, condominium project and power of attorney flexibilities due to COVID-19. The temporary

Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through January 31, 2021. Click