Connecticut passed a bill extending the sunset date of the Foreclosure Mediation Program (Program) for an additional 6 years. Under the bill, the Program end
Freddie Mac issued Bulletin 2021-24 (Bulletin) announcing the expiration of the COVID-19 foreclosure moratorium and other servicing updates. Per the Bulletin, the foreclosure moratorium announced
FHA issued Mortgagee Letter 2021-17, revising property and appraisal quality control review requirements. Per the Mortgagee Letter, FHA revised requirements with respect to appraisal field
Fannie Mae issued an update to Lender Letter LL-2021-07 to adjust the Fannie Mae Flex Modification eligibility criteria for COVID-19 impacted borrowers. Per the updated
VA issued Circular 26-21-10 to extend the foreclosure and eviction moratorium in connection with COVID-19. Per the Circular, VA extended the foreclosure and eviction moratorium
VA issued Circular 26-20-10, Change 2, announcing temporary measures related to borrower qualification for a VA-guaranteed home loan when the borrower’s income and the lender’s
Ohio passed a bill amending the Residential Mortgage Lending Act (RMLA). Under the bill, provisions related to the temporary mortgage loan originator license are repealed.
Connecticut passed a bill amending breach of security requirements. Under the bill, a person that owns, licenses or maintains computerized data that includes personal information
Freddie Mac updated the Refi Possible mortgage requirements announced in Bulletin 2021-17 pertaining to payment history and secondary financing. The updated requirements are effective August
Nevada passed a bill amending “notice of sale” requirements with respect to judicial foreclosures. Under the bill, a “notice of sale” must be mailed to:
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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