Fannie Mae issued Lender Letter LL-2019-2 (Lender Letter), establishing a 2 month minimum reserve requirement for borrowers impacted by the federal government shutdown (Shutdown). Per
Freddie Mac issued Bulletin 2019-3 (Bulletin), establishing a 2 month minimum reserve requirement for borrowers impacted by the federal government shutdown (Shutdown). Per the Bulletin,
Freddie Mac issued Bulletin 2019-2 (Bulletin), providing guidance related to the federal government shutdown. Per the Bulletin, borrowers impacted by the federal government shutdown meet
The Pennsylvania Department of Banking and Securities issued a bulletin increasing the residential mortgage threshold under the Loan Interest and Protection Law (LIPL). Under the
VA issued Circular 26-18-29, eliminating the requirement that appraisers include a Market Conditions Addendum in all VA appraisals. Appraisers are, however, still required to include
VA adopted rules amending requirements with respect to “cash-out” refinance loans. The adopted rules implement section 309 of the Economic Growth, Regulatory Relief and Consumer
Fannie Mae issued Lender Letter LL-2018-06, providing guidance related to the federal government shutdown. The Lender Letter sets forth temporary guidance with respect to selling
Freddie Mac issued Bulletin 2019-1 (Bulletin), providing guidance related to the federal government shutdown. The Bulletin sets forth temporary guidance on selling and servicing policies
Fannie Mae issued Servicing Guide Announcement SVC-2018-10 (Announcement), setting forth amendments to foreclosure time frames and Fannie Mae’s compensatory fee process. Per the Announcement, Fannie
California passed a bill amending consumer protections for servicemembers. Current law prohibits a lender from initiating a foreclosure against a servicemember within the 9 month
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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