California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process involving a subordinate mortgage. Under the bill, a mortgage servicer, mortgagee, trustee,
California passed a bill increasing an assessment under the Residential Mortgage Lending Act (RMLA). Under the bill, the assessment mortgage lenders and servicers bankers must
Minnesota passed a bill amending the maximum interest rate for conventional junior lien loans and amending the delivery for the Notice of Default. Under the
North Carolina passed a bill modernizing the Secure and Fair Enforcement Mortgage Licensing Act (NCSFEMLA). Under the bill, the NCSFEMLA: In addition, the bill required
Fannie Mae issued Servicing Guide Announcement SVC-2025-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revision related to foreclosure time
FHA issued a waiver regarding early payment default review requirements for properties impacted by the Texas severe storms. FHA currently requires lenders to select all
Freddie Mac issued Bulletin 2025-B (Bulletin) announcing that a number of chapters related to servicing in the Single-Family Seller/Servicer Guide have been refactored to enhance
Connecticut passed a bill amending the state’s action to foreclose mortgage provisions. Under the bill, an action to foreclose a mortgage on a 1-to-4 family dwelling,
Fannie Mae issued Lender Letter LL-2025-02, providing advance notice of changes to servicing processes and systems. Per the Lender Letter, Fannie Mae announced transformational changes
Louisiana passed a bill amending the methods of enforcing mortgage related to the judicial foreclosure process. Under the bill, in any ordinary or executory proceeding
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