FHA issued a temporary policy waiver waiving the 15 day occupancy provision for Limited 203(k) loans secured by properties in Presidentially-Declared Major Disaster Areas (PDMDAs)
Freddie Mac issued Bulletin 2024-13 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: In addition, Freddie Mac updated Exhibit 48
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
Freddie Mac issued Bulletin 2024-12 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to fraud and suspicious activity
Fannie Mae issued Selling Guide Announcement SEL-2024-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated appraisal policies as follows:
Ohio adopted rules repealing and amending provisions under the Residential Mortgage Lending Act. The adopted rules repealed obsolete provisions related to the mortgage loan origination
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
Pennsylvania passed a bill amending breach of security requirements. Under the bill, entities that maintain, store, or manage personal information (Entities) must provide a security
North Carolina passed a bill modifying the index used when determining whether discount points may be excluded from the points and fees calculation for high-cost
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
Hawaii passed a bill amending the state’s nonjudicial power of sale foreclosure laws by adding 2 new sections to Chapter 667 (Foreclosures). Under the bill,
Oklahoma passed a bill amending breach of security requirements. Under the bill, a requirement was added that individuals and entities that own or license personal
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