FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
New York passed a bill requiring mortgage lenders and other banking organizations offering residential mortgage services to provide a “What Mortgage Applicants Need to Know”
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
RHS issued a SFH Guaranteed Origination Notice (Notice) reducing the seasoning period required before a loan is eligible to be refinanced within the Single-Family Housing
The CFPB adopted rules governing residential Property Assessed Clean Energy (PACE) transactions. Per the rule adoption, the CFPB: The rule adoption is effective March 1,
FHA issued a waiver regarding early payment default review requirements for properties Impacted by Hurricanes Helene and Milton. FHA currently requires lenders to select all
Freddie Mac issued Bulletin 2024-H (Bulletin) extending the $2,500 Home Possible Very-Low Income Purchase (VLIP) mortgages credit for one additional year and adding a new
Fannie Mae issued Selling Guide Announcement SEL-2024-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to the appraisal
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