Freddie Mac issued Bulletin 2024-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to fraud and suspicious activity
Fannie Mae issued Selling Guide Announcement SEL-2024-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated appraisal policies as follows:
Ohio adopted rules repealing and amending provisions under the Residential Mortgage Lending Act. The adopted rules repealed obsolete provisions related to the mortgage loan origination
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
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