The CFPB adopted regulations amending the Home Mortgage Disclosure Act (HMDA). The adopted rules make technical corrections to, and clarify requirements of, the HMDA final
FHA reminds mortgagees of the 90-day foreclosure moratorium for properties located in presidentially-declared major disaster areas due to damage caused in Texas by Hurricane Harvey.
FHA issued Mortgagee Letter 2017-11 (Mortgagee Letter), which serves as a consolidated directive for lenders and servicers required to implement certain servicing policy changes contained
Freddie Mac issued Bulletin 2017-14 (Bulletin), requiring lenders and servicers to temporarily suspend foreclosure activities with respect to borrowers affected by Hurricane Harvey. The temporary
Fannie Mae issued Lender Letter LL-2017-03, requiring lenders and servicers to temporarily suspend foreclosure activities with respect to borrowers affected by Hurricane Harvey. Effective immediately,
VA issued Circulars 26-17-22, 26-17-24 and 26-17-25, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms and flooding
VA issued Circular 26-17-23, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Harvey. The measures include: the forbearance
Freddie Mac expanded the automated collateral evaluation (AC) eligibility to include purchase transactions. In Bulletin 2017-8, Freddie Mac introduced ACE provide sellers the option to
The Federal Housing Finance Agency (FHFA) announced the extension of the Home Affordable Refinance Program (HARP). Pursuant to the announcement, FHFA has directed Fannie Mae
Fannie Mae issued Servicing Guide Announcement SVC-2017-07 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, Fannie Mae amended the commitment
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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