Fannie Mae issued Selling Guide Announcement SEL-2025-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to IPCs and
Freddie Mac issued Bulletin 2025-A (Bulletin), announcing updated area median income (AMI) limits. Loan Product Advisor will be updated on May 18, 2025 to reflect
Virginia passed a bill amending the Telephone Privacy Protection Act (TPPA). Under the TPPA, a telephone solicitation must include the solicitor’s name and telephone number,
Iowa passed a bill enacting provisions with respect to mortgage trigger leads. Under the bill, a financial institution may not use an unfair or deceptive
Idaho amending signature requirements with respect to homestead property. Under the bill, the homestead of a married person cannot be conveyed or encumbered by a
Maryland passed a bill requiring an assumption provision be included in a conventional home mortgage loans. Under the bill, a conventional home mortgage loan must
Mississippi passed a bill amending the S.A.F.E. Mortgage Act. Under the bill, the maximum amount of the surety bond the Department may require is increased
Tennessee passed a bill revising the index used to calculate the maximum permissible interest rate for home loans. Currently, the maximum interest rate for a
North Dakota passed a bill requiring a financial corporation (nondepository entities regulated by the N.D. Department of Financial Institutions (Department)) to maintain a comprehensive information
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
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