Freddie Mac issued Bulletin 2022-13 (Bulletin) announcing updates to the ACE+PDR requirements originally announced in Bulletin 2022-6. Per the Bulletin, Freddie Mac: Updated the effective
Colorado passed a bill allowing allow mortgage business at remote locations. Under the bill, supervised lenders licensed under the Uniform Consumer Credit Code may conduct
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
Vermont passed a bill permanently authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is defined as a notarial
Maryland passed a bill amending breach of security requirements. Under the bill, a business that maintains but does not own or license personal information must
Freddie Mac issued Bulletin 2022-11 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: expanded eligibility requirements, added new requirements, and
Fannie Mae issued Selling Guide Announcement SEL-2022-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated policy on limited cash-out
Connecticut passed a bill imposing net worth requirements for large mortgage servicers. Under the bill, mortgage servicers that service (or subservice) at least 2,000 mortgage
Texas adopted rules amending recordkeeping requirements under the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, and the Residential Mortgage Loan Company Licensing
VA issued Circular 26-22-09 (Circular), announcing new loan approval procedures for loans where the borrower has a VA-appointed fiduciary and for loans with 2 or
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