North Carolina passed a bill modernizing the Secure and Fair Enforcement Mortgage Licensing Act (NCSFEMLA). Under the bill, the NCSFEMLA: In addition, the bill required
Washington passed Senate Bill 5686 adding a foreclosure prevention fee and notice requirement under the Mortgage Broker Practices Act and Consumer Loan Act which had
Connecticut passed a bill requiring mortgage lenders, correspondent lenders, brokers, loan originators, loan processors or underwriters, and exempt registrants to provide a “notice of shared
Fannie Mae issued Servicing Guide Announcement SVC-2025-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revision related to foreclosure time
FHA issued a waiver regarding early payment default review requirements for properties impacted by the Texas severe storms. FHA currently requires lenders to select all
Freddie Mac issued Bulletin 2025-B (Bulletin) announcing that a number of chapters related to servicing in the Single-Family Seller/Servicer Guide have been refactored to enhance
VA revised topic 33 of chapter 12 of the Lender’s Handbook (M26-7). Topic 33, relating to wood destroying insects/fungus/dry rot, of chapter 12 was revised
Fannie Mae issued Selling Guide Announcement SEL-2025-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to project review
FHA issued Mortgagee Letter 2025-15 eliminating the requirement for the Supplemental Consumer Information Form (SCIF) to be submitted in the FHA case binder as part
FHA issued Mortgagee Letter 2025-16 eliminating the full-time employment requirement for Direct Endorsement (DE) underwriter eligibility. Per the Mortgagee Letter (ML), FHA eliminated the full-time
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