Colorado passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
The District of Columbia passed a bill enacting temporary COVID-19 provisions. Under the bill, a foreclosure may not be initiated during the period of time
Freddie Mac issued Bulletin 2020-43 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Loan Product
FHA issued Mortgagee Letter 2020-35, announcing the FHA Catalyst: Single Family Origination Module – Automated Underwriting System (Module). Per the Letter, the new Module will
FHA issued Mortgagee Letter 2020-36 (Letter), announcing updated requirements for new construction financing. Per the Letter, the updated requirements align with the amendments announced in
FHA issued Mortgagee Letter 2020-37 to extend temporary verification of employment and appraisal provisions due to COVID-19. The temporary provisions have been extended through December
Fannie Mae amended Lender Letter LL-2020-06 (Letter) to extend temporary eligibility and delivery requirements for mortgages in forbearance due to COVID-19. The Letter extended the
Fannie Mae amended Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans (Letter). Per the amended Letter, Fannie Mae provided additional procedural details for
Freddie Mac issued Guide Bulletin 2020-41 (Bulletin) to extend temporary eligibility and delivery requirements for mortgages in forbearance due to COVID-19. The Bulletin extended the
The CFPB adopted rules extending the sunset date of the GSE Qualified Mortgage (QM) provisions set forth in the Truth-in-Lending Act. Currently, the GSE QM
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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