Freddie Mac issued Bulletin 2024-02 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac added specificity regarding a lender’s responsibility to
VA issued Circular 26-24-02 amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA included a 40-year repayment term for a
Fannie Mae issued Selling Guide Announcement SEL-2024-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to property insurance
Freddie Mac issued Bulletin 2024-01 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to trust income requirements are
South Dakota passed a bill increasing the amount consumers may be charged for dishonored checks. Consumers may now be charged up to $60 for a
New Jersey passed a bill amending foreclosure provisions with respect to residential properties (1-to 4-family property used as a primary residence). Under the bill, a
Fannie Mae issued a Servicing Notice (Notice), updating the Legacy LIBOR Replacement Index Servicing Notice to reflect the new naming convention for the rebranding from
RHS revised chapters 4, 11, and 18 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Specifically, RHS revised paragraphs 4.6, 4.9, 4.10,
Fannie Mae issued Servicing Guide Announcement SVC-2023-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Note that the revisions related
Fannie Mae issued an update to Lender Letter LL-2023-07 to clarify a servicing policy related to COVID-19. Per the update to the Lender Letter, Fannie
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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