VA Revises Chapter 9 of Servicer Handbook (M26-4)
August 14, 2024
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
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
Minnesota issued an interpretive opinion (Opinion) regarding compliance with the maximum interest rate limitations under Minnesota Statute § 47.20(4a)(a) (pertaining to conventional loans). The index
Fannie Mae issued Selling Guide Announcement SEL-2024-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to the rent-back
Freddie Mac issued Bulletin 2024-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to self-employed income and non-arm’s
VA issued Circular 26-24-16 clarifying the implementation date for the recently released guidance regarding the Home Retention Waterfall and other loss mitigation options outlined in
Freddie Mac, Fannie Mae and FHA issued Bulletin 2024-F (Bulletin), a Selling Notice (Notice), and Mortgagee Letter (ML) 2024-16 (respectively) updating the effective date for
VA issued Circular 26-24-14, Change 1, amending how veteran-paid buyer-broker charges are to be recorded on the Closing Disclosure. Per the original Circular, VA authorized
FHA adopted a rule permitting electronic and other remote methods of communication with borrowers in default. FHA’s regulations require mortgage lenders and servicers to meet
Minnesota passed a bill amending the Minnesota Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). Under the bill, the MRMOSLA was amended to: The bill
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