Fannie Mae issued Servicing Guide Announcement SVC-2025-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified how to calculate the
FHA issued Mortgagee Letter (ML) 2025-10 extending the foreclosure moratorium for properties located in Florida, Georgia, North Carolina, South Carolina, Tennessee and Virginia affected by
FHA issued Mortgagee Letter (ML) 2025-12 ending the COVID-19 loss mitigation waterfall. Per the ML, FHA ended the COVID-19 loss mitigation waterfall, modified and replaced
Freddie Mac issued Bulletin 2025-5 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to state foreclosure timeline standards
VA issued Circular 26-25-02, rescinding VA’s home retention waterfall and ending the VA Servicing Purchase (VASP) program. Per the Circular, as of May 1, 2025,
Virginia passed a bill amending the Telephone Privacy Protection Act (TPPA). Under the TPPA, a telephone solicitation must include the solicitor’s name and telephone number,
Virginia passed a bill extending the duration of the foreclosure stay for borrowers in default due to a government shutdown. Currently, a borrower in default
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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