Illinois passed a bill repealing the requirement that the Notice of Foreclosure be sent to the municipality in which the foreclosed property is located, or the county the foreclosed property is located (if the foreclosed property is located in an unincorporated territory). The bill went into effect June 9, 2023.
Click to view the Illinois SB 201: https://www.tenaco.com/wp-content/uploads/2023/07/IL-SB-201-06-09-23.pdf
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VA issued Circular 26-24-08 to offer a 40-Year Loan Modification option to assist borrowers in reaching an affordable payment in the current environment of rising
Freddie Mac issued Bulletin 2024-05 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated Exhibit 93 (Evaluation Notices) to remove
VA revised chapter 9 of the Servicer’s Handbook (M26-4). Chapter 9 was retitled from “Refunds” to “VA Purchase”. Sections 9.01 and 9.02 were also updated
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