Utah passed a bill amending the Utah Consumer Credit Code Act (UCCC) with respect to a prepayment penalty. Under the bill, a prepayment penalty may
Washington passed a bill amending language related to the foreclosure prevention fee requirement under the Mortgage Broker Practices Act and Consumer Loan Act. A foreclosure
Mississippi passed a bill amending the S.A.F.E. Mortgage Act. Under the bill, a mortgage lender and broker must now maintain an individual borrower file that
Fannie Mae issued Selling Guide Announcement SEL-2026-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to income assessment
Freddie Mac issued Bulletin 2026-3 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the added requirements when
Freddie Mac and Fannie Mae issued Bulletin 2026-B (Bulletin) and Lender Letter LL 2026-02 (respectively) issuing temporary guidance related to the partial federal government shutdown.
Nebraska passed a bill amending the Residential Mortgage Licensing Act (RMLA). Under the bill, a mortgage banker, loan originator, and loan processor and underwriter who
VA revised topic 1, 23, 32, and 34 of chapter 12 of the Lender’s Handbook (M26-7). Topic 1, relating to detached improvements and SAH RLC
Fannie Mae issued Selling Guide Announcement SEL-2026-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae aligned key requirements for the
FHA extended a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
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