Fannie Mae issued Servicing Guide Announcement SVC-2019-06, updating maximum allowable foreclosure and bankruptcy attorney fees. Per the Announcement, Fannie Mae updated the maximum allowable foreclosure
Connecticut passed a bill extending the sunset date of the Foreclosure Mediation Program (Program) for an additional 4 years. Under the bill, the Program end
Maine passed a bill amending “notice of right to cure” (Notice) delivery requirements. Under the bill, a Notice must now be sent to the borrower
Ohio passed a bill authorizing the online notarization of documents. Under the bill, an online notarization is defined as a notarial act performed by means
RHS permanently adopted the Single-Close Construction Pilot Program (previously in effect in 27 states) on a nationwide basis, with modifications. The Single-Close Construction Program (Program)
VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included
VA revised chapters 9 and 13 of the Lender’s Handbook (M26-7). Chapter 9 (Legal Instruments, Liens, Escrows and Related Issues) has been revised (in its
VA issued Circular 26-19-22, updating, clarifying and consolidating guidance related to Interest Rate Reduction Refinance Loans (IRRRLs). Specifically, the Circular discusses the standards imposed by
VA issued Circular 26-19-23, providing interim guidance pertaining to VA’s implementation of the Blue Water Navy Vietnam Veterans Act of 2019 (Act). The Act was
Fannie Mae issued Selling Guide Announcement SEL-2019-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae now allows lenders to use
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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