California passed a bill amending hazard insurance proceed requirements with respect to the method of payment of interest to the borrower. Under the bill, the
FHA issued FHA Info 2026-23 announcing an optional broad production period for Uniform Appraisal Dataset (UAD) 3.6. FHA’s Electronic Appraisal Delivery (EAD) portal is now
Fannie Mae issued an update to the implementation date of revisions made to rental income policies related to Selling Guide Announcement SEL-2026-08 (Announcement). Per the
Fannie Mae issued Lender Letter LL-2026-07, updating termination of conventional mortgage insurance requirements. Per the Lender Letter, Fannie is permitting servicers to proactively solicit borrowers
California amended the Mortgage Forbearance Act (MFA). The MFA was enacted to allow a borrower to request forbearance on the borrower’s residential mortgage loan who
Iowa adopted rules amending the Mortgage Bankers and Brokers Act and Secure and Fair Enforcement for Mortgage Licensing Act. The adopted rules rescinded and replaced,
Fannie Mae issued Lender Letter LL-2026-06 and Freddie Mac issued Guide Bulletin 2026-H, expanding VantageScore 4.0 to all lenders. Per the Lender Letter and Guide
FHA announced an implementation date of January 1, 2027 related to adding VantageScore 4.0 (V4) and FICO Score 10T (10T) as eligible credit score models
Connecticut passed a bill requiring a lender or service to accept full or partial prepayment of a mortgage loan. Under the bill, with respect to
Fannie Mae issued Selling Guide Announcement SEL-2026-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to rental income
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