New York passed a bill amending the state’s statutory power of attorney provisions. The bill revised provisions related to definitions, grants of authority for certain
Oregon adopted rules amending the content of the consumer complaint statement that must be included in each mortgage loan billing statement and notice. The adopted
Freddie Mac issued Bulletin 2020-48 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated liquidity eligibility requirements for non-depository sellers
Fannie Mae issued Servicing Guide Announcement SVC-2020-08 (Announcement), setting forth modified liquidity eligibility requirements for non-depository seller/servicers. Per the Announcement, the unused, undesignated, and available
Fannie Mae issued Selling Guide Announcement SEL-2020-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated the Selling Guide to
Freddie Mac issued Guide Bulletin 2020-47 to extend temporary verification of employment, appraisal, condominium project and power of attorney flexibilities due to COVID-19. The temporary
Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through January 31, 2021. Click
Fannie Mae amended Lender Letter LL-2020-03 to extend temporary verification of employment and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been
Freddie Mac issued Bulletin 2020-46: Servicing Updates (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac extended the COVID-19 foreclosure moratorium
Fannie Mae amended Lender Letter LL 2020-02 to extend the suspension of foreclosure-related activities for borrowers impacted by COVID-19. The suspension of foreclosure activities is
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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