FHA issued updated HUD-owned Real Estate Sales Contract and Addendum Forms. The updated forms support FHA’s Claims and Disposition policy located in Section IV.B.2 of
RHS revised chapters 12, 17, 18 and Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 12
Georgia passed a bill increasing the required surety bond amount for mortgage lenders and brokers licensed under the Residential Mortgage Act. Under the bill, the
Georgia passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
VA revised chapters 1, 9, 10, 15 and Appendix G of the Servicer Handbook (M26-4). Chapter 1 was revised to include Chapter 19 in the
Freddie Mac issued Bulletin 2017-6 (Bulletin), announcing updates to Freddie Mac’s servicing requirements. The Bulletin announces servicing updates in response to the CFPB’s recent amendments
Fannie Mae issued Servicing Guide Announcement SVC-2017-04 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, several updates to the Servicing
Fannie Mae issued Selling Guide Announcement SEL-2017-04, setting forth updates to the Selling Guide. The updated Selling Guide introduces a new student loan cash-out refinance
FHA issued Mortgagee Letter 2017-10, extending the 203(h) mortgage insurance eligibility period for disaster victims located in specific presidentially-declared major disaster areas (PDMDAs) in Louisiana.
MHA issued Supplemental Directive 17-01 (Supplemental Directive), providing administrative updates and clarifications to the Home Affordable Modification Program (HAMP) and the Second Lien Modification Program
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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