Freddie Mac Issues Update to Bulletin 2024-7
August 27, 2024
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
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
North Carolina passed a bill modifying the index used when determining whether discount points may be excluded from the points and fees calculation for high-cost
Minnesota issued an interpretive opinion (Opinion) regarding compliance with the maximum interest rate limitations under Minnesota Statute § 47.20(4a)(a) (pertaining to conventional loans). The index
Fannie Mae issued Selling Guide Announcement SEL-2024-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to the rent-back
Freddie Mac issued Bulletin 2024-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to self-employed income and non-arm’s
Freddie Mac, Fannie Mae and FHA issued Bulletin 2024-F (Bulletin), a Selling Notice (Notice), and Mortgagee Letter (ML) 2024-16 (respectively) updating the effective date for
VA issued Circular 26-24-14, Change 1, amending how veteran-paid buyer-broker charges are to be recorded on the Closing Disclosure. Per the original Circular, VA authorized
Minnesota passed a bill amending the Minnesota Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). Under the bill, the MRMOSLA was amended to: The bill
Fannie Mae revised the Connecticut Security Instrument (Form 3007), the Kentucky Security Instrument (Form 3018), and the Kentucky Short-Form Mortgage (Form 3018-SF). The revision to
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