Oklahoma Amends Breach of Security Requirements
June 4, 2025
Oklahoma passed a bill amending breach of security requirements. Under the bill, a requirement was added that individuals and entities that own or license personal
Georgia Enacts Provisions with Respect to Mortgage Trigger Leads
May 21, 2025
Georgia passed a bill enacting provisions with respect to mortgage trigger leads. Under the bill, a mortgage lender or mortgage broker must not use an
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady, RefiNow and Duty to Serve Loans
May 19, 2025
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2025 AMIs
Fannie Mae Retiring HomeSaver Solutions Network
May 19, 2025
Fannie Mae issued a Selling Notice (Notice) providing advance notice to servicers that Fannie Mae is retiring the loan workout reporting and related functionality in
CFPB Withdraws Interpretive Rules, Policy Statements, Advisory Opinions, and Other Bureau Guidance
May 19, 2025
The CFPB issued a Federal Register notice withdrawing 7 interpretive rules, 8 policy statements, 13 advisory opinions, and 39 other CFPB guidance. The withdrawals were
Freddie Mac Issues Bulletin 2025-6: Servicing Updates
May 14, 2025
Freddie Mac issued Bulletin 2025-6 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to IPCs and lender incentives
RHS Revises Chapters 2, 6, 12, and 13 and Appendices 2, 3, and 7 of SFH Guaranteed Loan Program Technical Handbook (HB-1-3555)
May 14, 2025
RHS issued a SFH Guaranteed Origination Notice (Notice) announcing revisions to chapters 2, 6, 12, and 13 and Appendices 2, 3, and 7 of the
Fannie Mae Issues Selling Guide Announcement SEL-2025-03
May 13, 2025
Fannie Mae issued Selling Guide Announcement SEL-2025-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to IPCs and
Freddie Mac Updates Area Median Income Limits
May 13, 2025
Freddie Mac issued Bulletin 2025-A (Bulletin), announcing updated area median income (AMI) limits. Loan Product Advisor will be updated on May 18, 2025 to reflect
Virginia Amends Telephone Privacy Protection Act
May 5, 2025
Virginia passed a bill amending the Telephone Privacy Protection Act (TPPA). Under the TPPA, a telephone solicitation must include the solicitor’s name and telephone number,
