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
California passed a bill reenacting foreclosure prevention provisions under the Homeowner Bill of Rights. The Homeowner Bill of Rights was enacted in 2012 and established
District of Columbia passed a bill enacting the Uniform Law on Notarial Acts. The Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Fannie Mae issued Servicing Guide Announcement SVC-2018-09 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: updated policies related to property
Freddie Mac issued Bulletin 2018-26 (Bulletin), announcing updates to foreclosure timeline requirements for all states. Per the Bulletin, Freddie Mac updated foreclosure timeline requirements to
VA announced county loan limits for 2019. The county loan limits are posted at: http://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp. The county loan limits apply to loans closed on or
FHA adopted rules removing the 10-year protection plan requirement for certain mortgages on newly constructed single family homes. A borrower must currently purchase a 10-year
New Jersey passed a bill amending the Residential Mortgage Lending Act (RMLA). The bill: adds several definitions to the RMLA; permits depository institutions to register
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.
