Fannie Mae revised the Puerto Rico Security Instrument Form (Form 3053) and the Texas Home Equity Security Instrument (Form 3044.1). The revision to the Puerto
Maryland adopted rules amending foreclosure procedures for residential property. Under the adopted rules, a Notice of Intent to Foreclose expires and must be reissued in
FHA issued Mortgagee Letter 2023-05, reducing annual mortgage insurance premiums and amending the base loan amount threshold used to establish mortgage insurance premiums. Per the
FHA issued Mortgagee Letter 2023-03, requiring electronic submissions for all Title II single-family mortgage insurance claim types. Per the Mortgagee Letter, FHA eliminated paper-based filings
VA issued Circular 26-23-06 (Circular), reducing the funding fee for purchase or construction loans, and cash-out refinance transactions. Per the Circular, VA generally reduced the
Fannie Mae issued an update to Lender Letter LL-2021-03 to retire the temporary COVID-19 requirements related to employment verification for self-employed borrowers and to eligibility
Freddie Mac issued Bulletin 2022-5 (Bulletin), announcing the retirement of the remaining temporary COVID-19 related underwriting requirements. Per the Bulletin, the following requirements are retired
FHA issued Mortgagee Letter 2023-03, correcting and republishing expansion of COVID-19 recovery loss mitigation options Mortgagee Letter 2023-02. Per this Mortgagee Letter, FHA made 3
RHS updated chapter 18 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Per the update, RHS clarified that a borrower must be
Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice,
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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