VA issued Circular 26-17-30, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Nate. The measures include: the forbearance
VA issued Circular 26-17-31, describing measures mortgagees may employ to provide relief to home loan borrowers affected by the California wildfires. The measures include: the
Illinois amended rules under the Residential Mortgage Licensing Act (RMLA). Under the amended rules, mortgage lenders, brokers, servicers and purchasers must now file and maintain
Freddie Mac issued Guide Bulletin 2017-22 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac (jointly with Fannie Mae
Fannie Mae issued Servicing Guide Announcement SVC-2017-09 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae removed duplicative content from several
Fannie Mae issued Lender Letter LL-2017-08, introducing a new imminent default evaluation process for conventional mortgage loan modifications. Developed jointly with Freddie Mac (at the
Maryland passed a bill amending “notice of sale” requirements under the nonjudicial foreclosure process. Under the bill, a “notice of sale” provided in connection with
Connecticut passed a bill amending the content of the statutory power of attorney forms under the Uniform power of Attorney Act. The bill becomes effective
The CFPB adopted rules amending provisions under the Equal Credit Opportunity Act (ECOA). The adopted rules: provide creditors additional flexibility in complying with ECOA in
Fannie Mae issued Selling Guide Announcement SEL-2017-08 (Announcement), setting forth updates to the Selling Guide. Under the updated Selling Guide, lenders must electronically submit to
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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