Connecticut passed a bill imposing net worth requirements for large mortgage servicers. Under the bill, mortgage servicers that service (or subservice) at least 2,000 mortgage
New York passed a bill prohibiting discrimination against victims of domestic violence. Under the bill, a lender may not discriminate against an applicant or borrower
Georgia passed a bill mandating the information that must be included on the first page of a security deed. Under the bill, a security deed
Fannie Mae issued Servicing Guide Announcement SVC-2022-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Eliminated the requirement to provide
FHA issued Mortgagee Letter 2022-08, adding an exclusive sales period for owner-occupants, HUD-approved nonprofits, and governmental entities in the claims without conveyance of title (CWCOT)
Fannie Mae updated Lender Letter LL-2021-02 to increase the expense reimbursement limit by $5 for interior and exterior property inspections. The interior property inspection maximum
Fannie Mae updated Lender Letter LL-2021-07 to update escrow analysis requirements. Per the updated Lender Letter, Fannie Mae clarified that servicers must spread any escrow
FHA issued Mortgagee Letter 2022-07, adding a 40-year loan modification with partial claim as a COVID-19 Recovery Loss Mitigation Option (COVID-19 Recovery Option). Per the
Maine passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Fannie Mae issued Servicing Guide Announcement SVC-2022-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to the
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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