Freddie Mac Issues Update to Bulletin 2024-7
August 27, 2024
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
Freddie Mac issued an update to Bulletin 2024-07 to update the effective date related to the flood insurance premium to be used in qualification. Per
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing amendments to chapters 17, 18, and 19 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555).
Pennsylvania passed a bill amending breach of security requirements. Under the bill, entities that maintain, store, or manage personal information (Entities) must provide a security
Delaware passed a bill repealing the sunset date of the Automatic Residential Mortgage Foreclosure Mediation Program (Program). Under the bill, the sunset date of the
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing the adoption of a final rule amending special servicing options for non-performing loans and adjusting the
Freddie Mac issued Bulletin 2024-11 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to accounting cycle policies are
VA issued Circular 26-24-17, introducing secondary borrowing requirements on assumption transactions. Per the Circular, a servicer must ensure requirements related to lien position, documentation, allowable
VA revised Appendix F of the Servicer’s Handbook (M26-4). Steps 1, 2, and 6(b) were updated as follows: The revisions went into effect August 12,
VA revised chapter 9 of the Servicer Handbook (M26-4). Sections 9.02, 9.03, 9.04(b), 9.05, 9.06, 9.08, and 9.09 were updated as follows: The revisions went
North Carolina passed a bill modifying the index used when determining whether discount points may be excluded from the points and fees calculation for high-cost
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