Massachusetts passed a bill requiring lenders and servicers to make a good faith effort to avoid foreclosure due to a federal government shutdown with respect
Fannie Mae issued Servicing Guide Announcement SVC-2025-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated: The new allowable fee
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process. Under the bill, the state’s “foreclosure prevention alternative” exemption requirement was amended
California passed a bill amending the state’s notice requirements with respect to a breach of security. Under existing law, a person that conducts business in
Freddie Mac issued Bulletin 2025-14 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to requirements related to anti-money
Massachusetts adopted rules set forth in 209 CMR (Division of Banks) by removing and re-organizing regulations set forth in 209 CMR 18.00 (Conduct of the
California passed a bill enacting the Mortgage Forbearance Act (MFA). The MFA was enacted to allow a borrower to request forbearance on the borrower’s residential
California passed a bill requiring payment of interest on funds in a loss draft account. Under the bill, a servicer must pay at least 2%
FHA issued Mortgagee Letter 2025-21, updating new permanent loss mitigation options. The Mortgagee Letter makes minor changes to facilitate the implementation of servicing and loss
Freddie Mac, Fannie Mae, and FHA issued Bulletin 2025-E (Bulletin), Lender Letter LL 2025-03, and FHA Info #2025-49 (respectively) issuing temporary guidance related to the
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