Freddie Mac issued Bulletin 2019-5 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements pertaining to: borrower income (including
VA revised Servicer Handbook (M26-4). Revisions to the Servicer Handbook include: clarification of Electronic Default Notification requirements for loss mitigation and alternatives to foreclosure; additional
VA issued Circular 26-19-07, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, straight-line winds and tornadoes in
VA issued Circular 26-19-08, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Alaska earthquakes. The measures include: the forbearance
VA revised chapters 1, 4 and 11 of the Lender’s Handbook (M26-7). Chapter 1 has been revised to provide lenders with updated information to assist
Ohio passed a bill requiring the registration of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in Ohio without
Mortgage Servicing Quality Control Notable Audit Findings: July – December 2018 In excess of 60,000 mortgage servicing Quality Control reviews were conducted during the second half
VA issued Circular 26-19-05, clarifying VA’s new policies regarding cash-out refinancing loans. In December of 2018, VA adopted rules amending requirements with respect to all
FHA issued guidance on the use of third party verification (TPV) services to verify a borrower’s employment, income and asset information. FHA currently allows electronic
RHS revised the area loan limits for 24 states. The 24 states are: California, Colorado, Delaware, Florida, Georgia, Hawaii, Indiana, Iowa, Maryland, Minnesota, Mississippi, Missouri,
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
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
