Freddie Mac issued Bulletin 2018-5 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac: increased the maximum LTV/TLTV/HTLTV ratios for
West Virginia passed a bill amending the SAFE Mortgage Licensing Act. Under the bill, the license application fee increased from $50 to $200. The bill
FHA extended the HECM foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. The foreclosure moratorium is extended
South Dakota passed a bill establishing disclosure requirements in the event of a security breach. Under the bill, an “information holder” must disclose a security
Texas adopted rules relating to home equity lending in light of recent amendments to the Texas Constitution. The adopted rules: update references to the fees
Ohio passed a bill consolidating all residential mortgage loan licensing under the Residential Mortgage Lending Act. Ohio previously regulated the residential mortgage industry under Chapter
Fannie Mae issued Servicing Guide Announcement SVC-2018-02 (Announcement), setting forth updates to the Servicing Guide. Fannie Mae updated the Servicing Guide to incorporate industry best
RHS extended the foreclosure moratorium for properties affected by Hurricane Maria. The foreclosure moratorium is extended until June 19, 2018. This extension applies to new
RHS amended chapter 18 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555). Pursuant to the amendments, RHS revised guidance with respect to the servicing
Freddie Mac extended the foreclosure moratorium for properties in Puerto Rico and the Virgin Islands affected by Hurricanes Irma or Maria. The foreclosure moratorium is
Iowa passed a bill enacting provisions with respect to mortgage trigger leads. Under the bill, a financial institution may not use an unfair or deceptive
Idaho amending signature requirements with respect to homestead property. Under the bill, the homestead of a married person cannot be conveyed or encumbered by a
Maryland passed a bill requiring an assumption provision be included in a conventional home mortgage loans. Under the bill, a conventional home mortgage loan must
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