Freddie Mac issued Bulletin 2017-20 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. As outlined in the Bulletin, Freddie Mac amended requirements with respect to
Fannie Mae issued Servicing Guide Announcement SVC-2017-07 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, Fannie Mae redesigned and renamed
Fannie Mae issued Lender Letter LL-2017-06, announcing additional clarifications for mortgage loans impacted by Hurricanes Harvey and Irma. The Lender Letter contains both selling and
Freddie Mac issued Guide Bulletin 2017-18 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. As outlined in the Bulletin, Freddie Mac amended requirements
Freddie Mac issued Bulletin 2017-19 (Bulletin), announcing temporary revisions to selling and servicing requirements for mortgage loans impacted by Hurricanes Irma and Harvey. The temporary
North Carolina passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
Hawaii passed a bill amending the Secure and Fair Enforcement for Mortgage Licensing Act. Under the bill, an exempt sponsoring mortgage loan originator company must
Freddie Mac issued Bulletin 2017-17 (Bulletin), announcing the new Enhanced Relief Refinance (ERR) program. The ERR program provides refinance opportunities to borrowers that are making
Illinois passed a bill requiring lenders and servicers licensed under the Residential Mortgage License Act to accept certain arrearage payments offered by a borrower in
Illinois passed a bill extending the sunset date of the additional Foreclosure Prevention Program Fund and Abandoned Residential Property Municipality Relief Fund fee. Currently, a
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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