Fannie Mae issued Lender Letter LL-2021-02 to extend the COVID-19 foreclosure moratorium until July 31, 2021. Per the Lender Letter, the foreclosure moratorium does not
Freddie Mac issued Bulletin 2021-22 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac announced the replacement index for the Cost
Fannie Mae issued Servicing Guide Announcement SVC-2021-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: provided an alternative means of
VA issued Circular 26-21-09 to clarify the continued use of VA Form 26-1802a (HUD/VA Addendum to URLA). Per the Circular, VA will continue to utilize
Fannie Mae issued a Servicing Notice (Notice), announcing the replacement index for the Cost of Funds Index. As previously communicated, the Federal Home Loan Bank
RHS revised Form RD 3555-21 (Request for Single Family Housing Loan Guarantee). The revised form no longer includes the income calculation worksheets. However, RHS announced
FHA Updates the Servicing and Loss Mitigation section of the Single Family Housing Policy Handbook (SF Handbook 4000.1) FHA Updated the Servicing and Loss Mitigation
Freddie Mac issued Bulletin 2021-16 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Introduced a 30-day seasoning requirement for “no
FHA issued Mortgagee Letter 2021-11, implementing additional protections for eligible non-borrowing spouses on all Home Equity Conversion Mortgages (HECMs). Per the Mortgagee Letter, FHA expanded:
Freddie Mac issued Bulletin 2021-19, announcing additional updates with respect to the revised General QM Rule. Per the Bulletin, Freddie Mac updated requirements in response
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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