VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included
Montana passed a bill enacting net worth requirements for mortgage lenders and servicers licensed under the Mortgage Act (Act). Under the bill, mortgage lenders must
Maryland passed a bill amending net worth requirements for mortgage lenders, brokers and servicers licensed under the Mortgage Lender Law (MLL). Under the bill, mortgage
VA issued Circular 26-19-19, establishing a new mandatory stacking order for files selected for a VA full file loan review. Per the Circular, VA established
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
New Jersey passed a bill requiring the licensing of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in New
Fannie Mae issued Servicing Guide Announcement SVC-2019-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae simplified policy related to escrow
VA issued Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers. Per the Circular, a lender: Must not advise a borrower who believes they are
Fannie Mae issued Servicing Guide Announcement SVC-2019-04 (Announcement), clarifying eligibility and documentation requirements related to partial lien releases. Per the Announcement: An appraisal is now
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.
