California passed a bill amending several of the state’s foreclosure laws under the nonjudicial foreclosure process. Under the bill, a foreclosure sale must be postponed
Oklahoma passed a bill amending the Secure and Fair Enforcement for Mortgage Licensing Act (SFEMLA). Under the bill, a mortgage lender, broker, and servicer renewing
Illinois passed a bill permitting foreclosure sales to be held in person, online, or both. Under the bill, a sheriff or other person selected by
FHA issued a temporary policy waiver waiving the need for separate 14-day waiting periods for inspection and damage reports for properties in overlapping Presidentially-Declared Major
FHA issued a temporary policy waiver waiving the 15 day occupancy provision for Limited 203(k) loans secured by properties in Presidentially-Declared Major Disaster Areas (PDMDAs)
Freddie Mac issued Bulletin 2024-14 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to Resolve are effective December
Freddie Mac issued Bulletin 2024-13 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: In addition, Freddie Mac updated Exhibit 48
Fannie Mae issued an update to Lender Letter LL-2024-02 to clarify that, when determining the final Fannie Mae Flex Modification terms, the servicer must use
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
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