Freddie Mac issued Guide Bulletin 2020-40 to extend temporary appraisal, underwriting and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been extended
RHS extended temporary verification of employment and appraisal provisions due to COVID-19. The temporary provisions have been extended through December 31, 2020. Click here to
Alaska passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
California passed a bill amending the amount of the state’s homestead exemption. Under the bill, the homestead exemption is now the greater of the countywide
Hawaii passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Freddie Mac issued Bulletin 2020-39: Servicing Updates (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to: Electronic
Montana adopted rules decreasing license renewal fees under the Montana Mortgage Act. The rule adoption went into effect October 12, 2020. See the Montana Secretary
Freddie Mac issued Bulletin 2020-38 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to the following: Home
FHA issued a partial waiver for eligible Non-Borrowing Spouses impacted by COVID-19. The partial waiver allows an eligible Non-Borrowing Spouse to enter into a deferral
Fannie Mae issued Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans (Letter). Per the Letter, Fannie Mae changed the trigger for automatic reclassification
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
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