Freddie Mac issued Bulletin 2019-16 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac amended: area median income limits for Home
North Carolina passed a bill increasing the fee that may be imposed for a dishonored check. Under the bill, a lender may now charge up
Fannie Mae issued Selling Guide Announcement SEL-2019-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae amended: HomeReady income limits; IRS
Freddie Mac extended the effective date of the revised HOME Possible mortgage requirements (previously announced in Bulletin 2019-07). Bulletin 2019-07 revised Home Possible mortgage requirements
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
VA issued Circulars 26-19-14, 26-19-15 and 26-19-16 describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, tornadoes and
Nevada passed a bill amending the content of the Notice to Tenants of the Property (Notice). The bill removes previously required language from the Notice
New Jersey passed a bill amending breach of security disclosure requirements. Under the bill, New Jersey’s breach of security disclosure requirements now apply in the
New Jersey passed a bill amending “notice of intention to foreclose” (Notice) requirements. Under the bill, if a mortgage is secured by a residence for
The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving examination and assessment fees under the Consumer Loan Act. Per the Department
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