VA adopted rules amending requirements with respect to “cash-out” refinance loans. The adopted rules implement section 309 of the Economic Growth, Regulatory Relief and Consumer
Fannie Mae issued Lender Letter LL-2018-06, providing guidance related to the federal government shutdown. The Lender Letter sets forth temporary guidance with respect to selling
Freddie Mac issued Bulletin 2019-1 (Bulletin), providing guidance related to the federal government shutdown. The Bulletin sets forth temporary guidance on selling and servicing policies
Fannie Mae issued Servicing Guide Announcement SVC-2018-10 (Announcement), setting forth amendments to foreclosure time frames and Fannie Mae’s compensatory fee process. Per the Announcement, Fannie
California passed a bill amending consumer protections for servicemembers. Current law prohibits a lender from initiating a foreclosure against a servicemember within the 9 month
California passed a bill reenacting foreclosure prevention provisions under the Homeowner Bill of Rights. The Homeowner Bill of Rights was enacted in 2012 and established
District of Columbia passed a bill enacting the Uniform Law on Notarial Acts. The Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Fannie Mae issued Servicing Guide Announcement SVC-2018-09 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: updated policies related to property
Freddie Mac issued Bulletin 2018-26 (Bulletin), announcing updates to foreclosure timeline requirements for all states. Per the Bulletin, Freddie Mac updated foreclosure timeline requirements to
VA announced county loan limits for 2019. The county loan limits are posted at: http://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp. The county loan limits apply to loans closed on or
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