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
VA clarifies use of plywood when securing abandoned structures in Ohio. On April 6, 2017, an announcement was made on the servicer calls that the
Tennessee passed a bill amending the annual expiration date for registrations issued under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, a
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