VA issued Circular 26-23-12 to update COVID-19 home retention waterfall and temporary home retention options (loan deferment and COVID-19 refund modification) following the termination of
VA issued Circular 26-23-13 to remove an interior access attempt requirement with respect to liquidation appraisals. Per the Circular, VA removed the requirement that a
Fannie Mae issued an update to Lender Letter LL-2023-03 and issued Lender Letter LL 2023-07 to retire servicing policies related to COVID-19. Per the Lender
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes additions, revisions, and various technical edits to Sections
Freddie Mac issued Bulletin 2023-17 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac retired: Freddie Mac also increased the reimbursable
Fannie Mae issued Selling Guide Announcement SEL-2023-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to PDCIR are
Freddie Mac issued Bulletin 2023-16 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to installment agreements and income
RHS implemented the Tribal Property Valuation and Tribal Rehabilitation Pilot Programs. The Tribal Property Valuation Pilot Program provides an alternative approach to obtain values when
RHS revised Chapter 3 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Specifically, RHS revised: The revisions went into effect July 21,
Colorado passed a bill amending the due and payable requirements for reverse mortgage loans with respect to a natural disaster or force majeure. Under the
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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