VA Revises Appendix F of Servicer’s Handbook (M26-4)
August 14, 2024
VA revised Appendix F of the Servicer’s Handbook (M26-4). Steps 1, 2, and 6(b) were updated as follows: The revisions went into effect August 12,
VA revised Appendix F of the Servicer’s Handbook (M26-4). Steps 1, 2, and 6(b) were updated as follows: The revisions went into effect August 12,
VA revised chapter 9 of the Servicer Handbook (M26-4). Sections 9.02, 9.03, 9.04(b), 9.05, 9.06, 9.08, and 9.09 were updated as follows: The revisions went
VA issued Circular 26-24-16 clarifying the implementation date for the recently released guidance regarding the Home Retention Waterfall and other loss mitigation options outlined in
FHA adopted a rule permitting electronic and other remote methods of communication with borrowers in default. FHA’s regulations require mortgage lenders and servicers to meet
Minnesota passed a bill amending the Minnesota Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). Under the bill, the MRMOSLA was amended to: The bill
California passed a bill amending the state’s foreclosure laws. Under the bill, a person is prohibited from contacting, soliciting, or initiating communication with an owner
RHS issued a Federal Register Notice (Notice) introducing the Payment Supplement Account Demonstration Program (Program) which establishes a new loss mitigation retention option referred to
Fannie Mae issued Servicing Guide Announcement SVC-2024-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated expense reimbursement requirements to:
RHS issued a SFH Guaranteed Servicing Notice (Notice) issuing guidance on foreclosures impacted by the 8th Circuit ruling in “Show Me State Premium Homes v.
Minnesota issued a notice (Notice) increasing the amount of the state’s homestead exemption. Per the Notice, the homestead exemption is increased to $510,000 (previously, $480,000).
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.