Montana adopted rules increasing mortgage lender and servicer license renewal fees under the Montana Mortgage Act. Per the rule adoption, the renewal fee for a mortgage lender and servicer’s principal office was increased to $750 (previously, $187.50). The rule adoption went into effect September 26, 2023.
Click to view the Montana Administrative Register Issue 13: https://www.tenaco.com/wp-content/uploads/2023/08/MT-RA-8208-08-28-23.pdf
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Freddie Mac issued Bulletin 2024-C (Bulletin, announcing updated area median income (AMI) limits. For mortgages submitted to Loan Product Advisor (LPA), LPA will be updated
Virginia passed a bill amending provisions regarding foreclosed property. Under the bill, a subordinate mortgage lienholder must provide to the trustee and the borrower, at
RHS revised chapters 9, 10, and 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 9 update a
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