North Carolina passed a bill modernizing the Secure and Fair Enforcement Mortgage Licensing Act (NCSFEMLA). Under the bill, the NCSFEMLA: In addition, the bill required
Washington passed Senate Bill 5686 adding a foreclosure prevention fee and notice requirement under the Mortgage Broker Practices Act and Consumer Loan Act which had
Connecticut passed a bill requiring mortgage lenders, correspondent lenders, brokers, loan originators, loan processors or underwriters, and exempt registrants to provide a “notice of shared
FHA issued a waiver regarding early payment default review requirements for properties impacted by the Texas severe storms. FHA currently requires lenders to select all
VA revised topic 33 of chapter 12 of the Lender’s Handbook (M26-7). Topic 33, relating to wood destroying insects/fungus/dry rot, of chapter 12 was revised
Fannie Mae issued Selling Guide Announcement SEL-2025-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to project review
FHA issued Mortgagee Letter 2025-15 eliminating the requirement for the Supplemental Consumer Information Form (SCIF) to be submitted in the FHA case binder as part
FHA issued Mortgagee Letter 2025-16 eliminating the full-time employment requirement for Direct Endorsement (DE) underwriter eligibility. Per the Mortgagee Letter (ML), FHA eliminated the full-time
FHA issued Mortgagee Letter 2025-17 rescinding the policy guidance announced in Mortgagee Letter 2024-20. Mortgagee Letter 2024-20 required that the lowest floor in newly constructed
FHA issued Mortgagee Letter 2025-18 eliminating outdated and costly FHA appraisal protocols. Per the Mortgagee Letter (ML), FHA removed the following from HUD Handbook 4000.1,
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