Freddie Mac issued Guide Bulletin 2021-36 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Addressed the use of cryptocurrency in
FHA issued Mortgagee Letter 2021-28 to announce the forward mortgage loan limits for 2022. The 2022 “floor” and “ceiling” loan limits for a one-unit property
FHA issued Mortgagee Letter 2021-29 to announce the home equity conversion mortgage (HECM) limits for 2022. The maximum claim amount for FHA-insured HECMs in 2022
Fannie Mae issued Lender Letter LL-2021-16 and Freddie Mac issued Bulletin 2021-36 (Bulletin) increasing the maximum conforming loan limits for mortgages acquired by Fannie Mae
VA issued a Servicer Newsflash amending the maximum allowable appraisal fees and foreclosure attorney fees for mortgage servicers. Per the Newsflash, the new maximum allowable
RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing temporary guidance for the 12-month forbearance limit for borrowers who are impacted by Hurricane Ida (or
Fannie Mae issued Servicing Guide Announcement SVC-2021-08 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated the required initial delinquency
Fannie Mae issued an update to Lender Letter LL-2021-07, requiring servicers to perform an escrow analysis when evaluating eligibility for a COVID-19 payment deferral or
FHA issued Mortgagee Letter 2021-27, updating and clarifying appraisal requirements regarding compliance with Fair Housing laws. Per the Mortgagee Letter FHA: updated Section I.B.1.d.i (Appraisers
Freddie Mac issued Bulletin 2021-35 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac now requires servicers to perform an escrow
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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