Fannie Mae issued Lender Letter 2021-11, announcing additional details with respect to the revised General QM Rule. Per the Lender Letter, Fannie Mae provided additional
FHA issued Mortgagee Letter 2021-09, clarifying eligibility requirements for non-permanent resident borrowers. Per the Mortgagee Letter, FHA: Clarified eligibility requirements for individuals participating in the
VA issued Circular 26-21-07, Change 1, providing an updated summary of the home retention options and alternatives to foreclosure that servicers should utilize to help
Freddie Mac issued Bulletin 2021-20 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac revised requirements with respect to: Quality control
Oregon passed a bill enacting a temporary COVID-19 related foreclosure moratorium. Under the bill, a mortgage lender or servicer may not foreclose a property (either
Maryland passed a bill requiring mortgage lenders, brokers, and servicers to disclose the NMLS unique identifier in advertisements, websites, and at licensed locations. The bill
Washington passed a bill amending the amount of the state’s homestead exemption. Under the bill, the homestead exemption is now the greater of $125,000 or
South Carolina passed a bill enacting the Electronic Notary Public Act and establishing notarial certificate requirements for the performance of electronic notarizations. An electric notarization
Colorado passed a bill prohibiting discrimination based on gender expression and gender identity. Under the bill, a person whose business includes engaging in residential real
Washington passed a bill amending the scope of the foreclosure mediation program, and the written and telephone contact requirement prior to filing a notice of
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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