The Washington Department of Financial Institutions issued a Department Letter temporarily reducing the mortgage loan originator license renewal fee under the Mortgage Broker Practices Act.
Fannie Mae issued Selling Guide Announcement SEL-2018-06 (Announcement), setting forth updates to the Selling Guide. As outlined in the Announcement, Fannie Mae updated the Selling
Fannie Mae issued Servicing Guide Announcement SVC-2018-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae has partnered with certain mortgage
FHA issued Mortgagee Letter 2018-05, revising the order of the Loss Mitigation waterfall for borrowers affected Hurricane Maria. Per the Mortgagee Letter, FHA moved the
FHA extended the HECM foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. The foreclosure moratorium is extended
Colorado passed a bill amending certain foreclosure provisions with respect to deeds of trust. The bill: modified the procedure for restarting a foreclosure when the
Freddie Mac issued Bulletin 2018-12 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac updated requirements with respect to lender
Fannie Mae issued Lender Letter LL-2018-03, updating and streamlining the process for terminating conventional mortgage insurance (MI). The updated process relates to borrower-initiated requests for
Fannie Mae issued Lender Letter LL-2018-04, announcing disaster policy updates and reminders. Pursuant to the Lender Letter, Fannie Mae increased the maximum reimbursement limit for
North Carolina passed a bill amending requirements regarding postponement of nonjudicial foreclosure sale. Under the bill, if a nonjudicial foreclosure sale is postponed, the foreclosing
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
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