VA issued Circular 26-17-10 (Circular), introducing the VA Affordable Modification option. The Circular provides guidance and instructions for modifying VA guaranteed loans using the VA
VA issued Circular 26-17-12, clarifying and establishing requirements with respect to completion of VA Form 26-8923 (Interest Rate Reduction Refinancing Loan Worksheet). The requirements clarify
VA issued Circular 26-17-11, setting forth VA’s requirements for completion of the Closing Disclosure. As VA no longer accepts a separate itemized list of credits
Freddie Mac issued Bulletin 2017-04 (Bulletin), issuing requirements with respect to the new Investor Reporting Change Initiative (Initiative) announced in Bulletin 2016-15. The Bulletin provides
Fannie Mae issued Servicing Guide Announcement SVC-2017-03, setting forth updates to the Servicing Guide. As outlined in the Announcement, the Servicing Guide has been updated
Utah passed a bill clarifying the timing requirement under the Utah Residential Mortgage Practices and Licensing Act for submitting a quarterly report of condition. Under
Fannie Mae issued Selling Guide Announcement SEL-2017-03, setting forth updates to the Selling Guide. Under the updated Selling Guide, a lender may obtain a verification
Arkansas passed a bill requiring mortgage servicers licensed under the Fair Mortgage Lending Act (FMLA) to provide notice to a borrower upon accepting assignment of
Idaho passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
FHA issued Mortgagee Letter 2017-08, announcing the implementation date of FHA’s new Loan Review System. The implementation date of the new Loan Review System (announced
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