The Tennessee Department of Financial Institutions announced the 2020-2021 supervision fee for mortgage lenders, brokers and servicers licensed under the Residential Lending, Brokerage and Servicing
Freddie Mac Extends Temporary Appraisal, Underwriting and Power of Attorney Flexibilities Due to COVID-19. Click here to view the Fannie Mae Lender Letter LL-2020-03: https://www.tenaco.com/wp-content/uploads/2020/10/Fannie-Mae-Lender-Letter-LL-2020-03.pdf
Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through November 30, 2020. Click
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
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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