Maryland Amends Maryland Mortgage Lender Law
July 19, 2023
Maryland passed a bill amending the Maryland Mortgage Lender Law (MMLL). Under the bill, a mortgage lender, broker and servicer licensed under the MMLL must
Maryland passed a bill amending the Maryland Mortgage Lender Law (MMLL). Under the bill, a mortgage lender, broker and servicer licensed under the MMLL must
Florida passed a bill permitting loan originators to work at remote locations. Under the bill, a mortgage lender, broker, or servicer licensed under the Mortgage
Montana passed a bill revising the Montana Mortgage Act (MMA). The bill revised the MMA to allow remote work for a mortgage business, clarify reporting
Washington passed a bill amending the state’s foreclosure laws. Under the bill, Washington’s foreclosure mediation program was amended to extend the time an attorney or
Freddie Mac issued Bulletin 2023-15 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to PAR are effective for
FHA issued Mortgagee Letter 2023-15 updating requirements related to HECM borrower payments due to mortgagee default. Per the Mortgagee Letter, FHA changed the process FHA
Fannie Mae issued Selling Guide Announcement SEL-2023-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to condo and
Fannie Mae issued Servicing Guide Announcement SVC-2023-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revisions related to release or
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
RHS revised chapters 5, 13, 15, and Appendix 4 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 5
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