New York passed a bill enacting flood insurance requirements and restrictions on mortgage lenders and servicers. Under the bill, a mortgage lender or servicer may
Illinois adopted rules modifying examination fees under the Community Reinvestment Act (CRA). Per the rule adoption, entities licensed under the Residential Mortgage License Act that
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process. Under the bill, a foreclosure sale may now be postponed if an
Maryland adopted a rule requiring a shared appreciation disclosure be provided to a borrower in connection with a shared appreciation agreement. Under the adopted rule,
Texas repealed and readopted rules governing mortgage lenders, brokers, loan originators and servicers licensed or registered under the Residential Mortgage Loan Company Licensing and Registration
California passed a bill amending several of the state’s foreclosure laws under the nonjudicial foreclosure process. Under the bill, a foreclosure sale must be postponed
Oklahoma passed a bill amending the Secure and Fair Enforcement for Mortgage Licensing Act (SFEMLA). Under the bill, a mortgage lender, broker, and servicer renewing
Illinois passed a bill permitting foreclosure sales to be held in person, online, or both. Under the bill, a sheriff or other person selected by
Ohio adopted rules repealing and amending provisions under the Residential Mortgage Lending Act. The adopted rules repealed obsolete provisions related to the mortgage loan origination
Pennsylvania passed a bill amending breach of security requirements. Under the bill, entities that maintain, store, or manage personal information (Entities) must provide a security
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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