FHA issued Mortgagee Letter 2021-21, announcing the transition of the Single Family Default Monitoring System (SFDMS) from FHA Connection to FHA Catalyst. Per the Mortgagee
FHA issued 2 temporary partial waivers related to Home Equity Conversion Mortgage (HECM) policies for borrowers impacted by COVID-19. The waivers allow a mortgagee to
Freddie Mac issued Bulletin 2021-29 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac revised requirements with respect to: Home Possible
Fannie Mae issued Selling Guide Announcement SEL-2021-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Announced that lenders are allowed
New Hampshire passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed
Freddie Mac issued Bulletin 2021-28 (Bulletin), announcing the expiration of temporary COVID-19 related underwriting requirements related to age of documentation, evidence of liquidation of stocks,
Fannie Mae issued Servicing Announcement SVC-2021-05 (Announcement), Per the Announcement, Fannie Mae updated the Investor Reporting Manual to incorporate previously communicated changes regarding payment deferral
Fannie Mae issued an update to Lender Letter LL-2021-03 to retire COVID-19 age of documentation and market-based asset policies. The policies are retired effective August
The Washington Department of Financial Institutions (Department) issued a Department Letter temporarily waiving examination and assessment fees under the Consumer Loan Act. Per the Department
Fannie Mae issued Selling Guide Announcement SEL-2021-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: clarified policy related to prearranged
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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