VA Revises Lender’s Handbook (M26-7)
May 6, 2019
VA revised chapters 2, 5 and 12 of the Lender’s Handbook (M26-7). Chapter 2 (Veteran’s Eligibility and Entitlement) has been revised to reflect updates to
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VA Issues Circular 26-19-11: Special Relief Following Nebraska Flooding
May 6, 2019
VA issued Circular 26-19-11, describing measures mortgagees may employ to provide relief to home loan borrowers affected by flooding in Nebraska. The measures include: the
Freddie Mac Issues Bulletin 2019-8: Servicing Updates
April 25, 2019
Freddie Mac issued Bulletin 2019-8 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mace revised requirements relating to: approved servicer reimbursement
FHA Clarifies Documentation Requirements for Governmental Entities Providing Down Payment Assistance to FHA Borrowers
April 25, 2019
FHA issued Mortgagee Letter, 2019-06, clarifying documentation requirements for governmental entities providing down payment assistance to FHA borrowers. Per the Mortgagee Letter, FHA clarified the
FHA Updates Single Family Housing Policy Handbook
April 12, 2019
FHA updated the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update contains technical changes for consistency and clarity, and several policy updates. All
Freddie Mac Issues Bulletin 2019-7: Selling Updates
April 12, 2019
Freddie Mac issued Bulletin 2019-7 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements pertaining to: Home Possible Mortgages
Utah Exempts “Financial Institutions” from Protection of Personal Information Act
April 12, 2019
Utah passed Senate Bill 193 exempting “financial institutions” from the requirements of the Protection of Personal Information Act (Act). The Act imposes disclosure and notification
Massachusetts Amends Security Breach Disclosure Requirements
April 12, 2019
Massachusetts passed a bill amending security breach disclosure requirements. Under the bill, persons that own or license personal information about Massachusetts residents must offer credit
VA Issues Circular 26-19-10: Special Relief Following Iowa Severe Storms and Flooding
April 11, 2019
VA issued Circular 26-19-10, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding in Iowa. The
Freddie Mac Issues Bulletin 2019-6: Servicing Updates
March 21, 2019
Freddie Mac issued Bulletin 2019-6 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements relating to: the Servicer Success
