Freddie Mac issued Guide Bulletin 2021-15 (Bulletin) to extend temporary flexibilities due to COVID-19. The temporary flexibilities relate to appraisals, completion reports (including builder certification
Wyoming passed a bill enacting the Revised Uniform Law on Notarial Acts. The Revised Uniform Law on Notarial Acts is modeled upon the Revised Uniform
Arkansas passed a bill amending the Fair Mortgage Lending Act (FMLA). Under the bill, a mortgage lender, broker or servicer licensed under the FMLA must
The CFPB issued an interim rule to amend the Fair Debt Collection Practices Act (FDCPA). The interim rule requires debt collectors to provide written notice
VA issued Circular 26-21-08, expanding home loan eligibility based on certain National Guard service. Per the Circular, expanded eligibility includes members of the Army National
New Mexico passed a bill amending adjustable rate mortgage provisions for “home loans” (loans of $548,250 or less secured by a 1- to 4-family property
New Jersey passed a bill amending the content of the foreclosure mediation notice mortgage lenders and servicers are required to provide borrowers in default. Under
Freddie Mac issued Bulletin 2021-14: Servicing Updates (Bulletin) introducing updates that provide opportunities to streamline processes and support responsible lending. Per the Bulletin, Freddie Mac: Adjusted
Freddie Mac issued Bulletin 2021-12 (Bulletin) announcing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Home Possible
Fannie Mae issued Lender Letter LL-2021-09 addressing the revised qualified mortgage rule and loan eligibility. Per the Lender Letter, loans with application dates on and
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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