Freddie Mac issued Bulletin 2018-03 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Pursuant to the Bulletin, Freddie Mac: re-established ACE appraisal waiver offers
Fannie Mae extended the foreclosure moratorium for properties in Puerto Rico and the Virgin Islands affected by Hurricanes Irma or Maria. The foreclosure moratorium is
Fannie Mae issued Selling Guide Announcement SEL-2018-02 (Announcement), setting forth updates to the Selling Guide. As outlined in the Announcement, Fannie Mae: updated requirements with
FHA extended the foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands that were affected by Hurricane Maria. The foreclosure moratorium is
VA extended the foreclosure moratorium for loans affected by Hurricanes Harvey, Irma and Maria. The foreclosure moratorium has been extended to 270-days (from the date
VA revised chapters 2, 4, 5, 7, 8, 14, 15, 18, 21 and Appendix B, E, G, and H of the Servicer Handbook (M26-4). Pursuant
FHA established a Disaster Standalone Partial Claim option for borrowers whose property and/or place of employment was adversely affected by Hurricanes Harvey, Irma and Maria,
RHS established special relief measures for borrowers impacted by natural disasters. In addition to standard workout options, lenders and servicers may offer the special relief
Fannie Mae issued Servicing Guide Announcement SVC-2018-01 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, Fannie Mae: outlined the conditions
Freddie Mac issued Guide Bulletin 2018-2 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. Pursuant to the Bulletin, Freddie Mac updated requirements with
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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