The District of Columbia passed a bill extending the temporary foreclosure moratorium, payment deferment program and remote online notarization provisions due to COVID-19. The temporary
RHS amended guidance relating to the treatment of Mortgage Credit Certificates (MCC) in the new Guaranteed Underwriting System (GUS). In the new GUS, an MCC
FHA issued Mortgagee Letter 2021-08, updating Home Equity Conversion Mortgage (HECM) requirements with respect to interest rate changes. Per the Mortgagee Letter, FHA: removed approval
Freddie Mac issued Guide Bulletin 2021-10 to extend temporary verification of employment, appraisal, condominium project and power of attorney flexibilities due to COVID-19. The temporary
Fannie Mae issued Lender Letter LL-2021-08: Eligibility of Loans Secured by Second Home and Investment Properties. Per the Lender Letter, all loans secured by a
Fannie Mae issued Servicing Guide Announcement SVC-2021-02 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: amended requirements for submitting property
Fannie Mae issued Lender Letter LL-2021-03 to extend temporary verification of employment and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been
Fannie Mae issued Lender Letter LL-2021-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through April 30, 2021. Per
FHA issued Mortgagee Letter 2021-09, announcing revisions to the Condominium Loan Level/Single-Unit Approval Questionnaire (form HUD-9991) and the Condominium Project Approval Questionnaire (form HUD-9992). Revised
The CFPB issue an interpretive rule clarifying the prohibition against sex discrimination in the Equal Credit Opportunity Act (ECOA). Per the interpretive rule, sex discrimination
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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