Oregon Enacts Mortgage Loan Servicer Practices Act
January 8, 2018
Oregon passed a bill enacting the Mortgage Loan Servicer Practices Act (MLSPA). Under the bill, a person may not service a residential mortgage loan in
RHS Suspends Requirement to Obtain IRS Form 4506-T
January 8, 2018
RHS suspended the requirement to obtain an IRS Form 4506-T for all adult household members. The suspension applies to all final GUS and manually underwritten
Fannie Mae Issues Selling Guide Announcement SEL-2017-10: Selling Guide Updates
January 8, 2018
Fannie Mae issued Selling Guide Announcement SEL-2017-10 (Announcement), setting forth updates to the Selling Guide. As set forth in the Announcement, Fannie Mae updated policy
Freddie Mac Issues Bulletin 2017-28: Selling Updates
January 8, 2018
Freddie Mac issued Bulletin 2017-28 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Pursuant to the Bulletin: lenders are relieved of certain selling representations
TENA’s Analysis of Servicing Audit Findings | Q3 2017
January 5, 2018
Mortgage Servicing Quality Control Notable Audit Findings: July – September 2017 Over 20,000 mortgage servicing Quality Control audit findings involving of over 1,700 separate and unique
Ginnie Mae Amends Seasoning Requirements for Refinance Loans
December 28, 2017
Ginnie Mae issued All Participant Memorandum APM 17-06 (APM), announcing revised seasoning requirements for refinance loans. Per the APM, the first payment due date of
Pennsylvania Increases Principal Amount Threshold under Loan Interest and Protection Law
December 28, 2017
The Pennsylvania Department of Banking and Securities issued a bulletin increasing the residential mortgage threshold under the Loan Interest and Protection Law (LIPL). Under the
New Jersey Amends High-Cost Home Loan Limit
December 28, 2017
The New Jersey Department of Banking and Insurance issued a bulletin amending the high-cost home loan limit under the Home Ownership Security Act of 2002
Freddie Mac Issues Guide Bulletin 2017-27: Servicing Updates
December 28, 2017
Freddie Mac issued Guide Bulletin 2017-27 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. In a previous Bulletin (Bulletin 2017-22), Freddie Mac announced
Freddie Mac Extends Suspension of Foreclosure Sales Involving Properties in Puerto Rico and U.S. Virgin Islands Impacted by Hurricanes Irma and Harvey
December 28, 2017
Freddie Mac issued Bulletin 2017-29 (Bulletin), extending the suspension of foreclosure sales involving properties in Puerto Rico and the U.S. Virgin Islands that were impacted
