Fannie Mae issued Selling Guide Announcement SEL-2023-11 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to restricted stock
Freddie Mac issued Bulletin 2023-25 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: All revisions are effective December 13, 2023.
Freddie Mac issued Bulletin 2023-24 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Home Possible or HomeOne mortgage; Revisions related
VA issued Circular 26-23-25 to announce a temporary foreclosure moratorium for borrowers. The Circular strongly encourages servicers to establish a moratorium on initiating, continuing, and/or
FHA issued Mortgagee Letter 2023-23 announcing updated servicing requirements for the Home Equity Conversion Mortgage Program (HECM). Key updates include: Revisions related to aligning post-due
Fannie Mae issued an update to Servicing Guide Announcement SVC-2023-05 (Announcement), setting forth updates to the Servicing Guide. Per the updated Announcement, Fannie Mae removed
Fannie Mae and Freddie Mac issued a Servicing Notice (Notice), announcing a change to the Refinitiv Public Replacement Index (Refinitiv) name. Per the Notice, the
VA revised Chapter 7, (Topic 7) of the Lender’s Handbook (M26-7). VA made the following changes: The revisions went into effect July 27, 2023. Click
VA revised chapter 4 of the Lender’s Handbook (M26-7). Chapter 4 (Topic 7) was revised to clarify that: The revisions are effective for all loan
FHA extended a partial waiver of the face-to-face interview requirement for borrowers in default. The partial waiver allows lenders and servicers to utilize alternative methods
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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