FHA issued Mortgagee Letter 2021-03 to extend the foreclosure and eviction moratorium in connection with COVID-19. The foreclosure and eviction moratorium is extended through March
Freddie Mac issued Bulletin 2021-2 (Bulletin) announcing revisions to age of tax return requirements, and providing guidance related to income stability for self-employed borrowers. Per
Fannie Mae issued Lender Letter LL-2021-02 to extend the foreclosure moratorium in connection with COVID-19. The foreclosure moratorium is extended through February 28, 2021. Click
Fannie Mae issued Servicing Guide Announcement SVC-2021-01 (Announcement). Per the Announcement, Fannie Mae incorporated Lender Letter LL-2020-13 (which extended automatic reclassification triggers from 4 to
Fannie Mae issued Lender Letter LL-2021-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through February 28, 2021. Click
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
New York passed a bill enacting a temporary COVID-19 related foreclosure moratorium. Under the bill, a mortgage lender or servicer may not initiate a foreclosure
Freddie Mac issued Guide Bulletin 2021-1 to extend income verification, appraisal, power of attorney, and condominium project flexibilities due to COVID-19. The effective date of
Texas adopted rules amending the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act. Under the adopted rules, a mortgage banker or loan originator
Texas adopted rules amending the Residential Mortgage Loan Company Licensing and Registration Act. Under the adopted rules, a residential mortgage loan company or loan originator
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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