The CFPB issued an interpretive rule clarifying the right of rescission and TRID timing requirements under the Truth-in-Lending Act (TILA) due to the 2021 Juneteenth
Freddie Mac issued Bulletin 2021-27 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Introduced the CHOICEReno eXPress streamlined option under
The CFPB updated the Mortgage Servicing Small Entity Compliance Guide (Compliance Guide) to incorporate the 2021 Mortgage Servicing COVID-19 Final Rule and the 2020 Mortgage
FHA issued 2 partial waivers related to review requirements for the COVID-19 Advance Loan Modification (COVID-19 ALM) option and the COVID-19 Recovery Loss Mitigation (COVID-19
FHA issued Mortgagee Letter 2021-19, RHS issued a SFH Guaranteed Servicing Notice, and VA issued Circular 26-21-14 extending the foreclosure related eviction moratorium in connection
FHA issued Mortgagee Letter 2021-18, establishing new, streamlined COVID-19 recovery loss mitigation options. Per the Mortgagee Letter, FHA amended COVID-19 loss mitigation policies for borrowers
VA issued Circular 26-21-13 to provide a waterfall of home retention options for borrowers financially affected by COVID-19 (COVID-19 Home Retention Waterfall) and to announce
RHS updated Chapter 18 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555). Pursuant to the update, Section 5 of Chapter 18 has been expanded
RHS amended Chapter 11 (Ratio Analysis) of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555). The amendments to chapter 11 include changes with respect to:
FHA published an update to its Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions and additional clarifications to various FHA policies
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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