Freddie Mac issued Bulletin 2023-18 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: The added DTI requirements for student loans
Fannie Mae issued Selling Guide Announcement SEL-2023-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to trust income
Connecticut passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Utah adopted rules amending the Utah Residential Mortgage Practices and Licensing Act (URMPLA). Under the adopted rules, a mortgage entity licensed under the URMPLA must
Texas passed a bill amending security breach disclosure requirements. Under the bill, a lender, broker or servicer must notify the attorney general of a breach
Montana adopted rules increasing mortgage lender and servicer license renewal fees under the Montana Mortgage Act. Per the rule adoption, the renewal fee for a
North Dakota passed a bill enacting the Residential Mortgage Lenders Act (RMLA). Under the bill, a person may not engage in the business of residential
Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument provides further clarity and
Maine passed a bill enacting a private mortgage insurance disclosure requirement under the Maine Consumer Credit Code. Under the bill, a supervised lender or servicer
Colorado passed a bill amending the renewal deadline date for a supervised lender license under the Uniform Consumer Credit Code. Under the bill, the renewal
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