FHA corrected borrower qualification criteria for the FHA-HAMP option in the Single Family Housing Policy Handbook. FHA updated the handbook to state that the borrower’s
Freddie Mac issued Bulletin 2019-10, restricting the purchase of LIBOR ARMs due to the anticipated discontinuance of the LIBOR index in 2021. Per the Bulletin,
Fannie Mae issued Lender Letter LL-2019-05, restricting the purchase of LIBOR ARMs due to the anticipated discontinuance of the LIBOR index in 2021. Per the
Freddie Mac issued Bulletin 2019-9 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements relating to: property eligibility and
FHA issued a Waiver of Housing Directive (Waiver) pertaining to the timeline for initiating damage inspections in presidentially-declared disaster areas in Iowa. FHA currently requires
New Jersey passed a bill requiring additional information to be provided with the foreclosure summons and complaint, and the “notice of the pendency of the
New Jersey passed a bill amending timing and content requirements with respect to the “notice of intention to foreclose” (Notice). Under the bill, a foreclosing
New Jersey passed a bill extending the timing requirement for a foreclosure sale involving vacant and abandoned property. Under the bill, a sheriff must now
New Jersey passed a bill requiring a foreclosing lender or servicer’s attorney to provide the property deed to the Sheriff following a foreclosure sale. Under
New Jersey passed a bill amending the content of the “notice of intention to foreclose” (Notice). Pursuant to the bill, a lender or servicer must
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
