CFPB Amends Fair Debt Collection Practices Act
The CFPB adopted rules amending the federal Fair Debt Collection Practices Act. Per the adopted rules, the CFPB amended requirements with respect to: Coverage and
The CFPB adopted rules amending the federal Fair Debt Collection Practices Act. Per the adopted rules, the CFPB amended requirements with respect to: Coverage and
FHA issued a partial waiver of the borrower signature requirement for HECM assignment claims. The partial waiver allows servicer to submit a CT-22 Assignment Claim
FHA issued a partial waiver of the maximum arrearage amount for subsequent HECM property charge repayment plans. The partial waiver allows borrowers to repay property
Pennsylvania passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
Colorado passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
The District of Columbia passed a bill enacting temporary COVID-19 provisions. Under the bill, a foreclosure may not be initiated during the period of time
Freddie Mac issued Bulletin 2020-43 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Loan Product
FHA issued Mortgagee Letter 2020-35, announcing the FHA Catalyst: Single Family Origination Module – Automated Underwriting System (Module). Per the Letter, the new Module will
FHA issued Mortgagee Letter 2020-36 (Letter), announcing updated requirements for new construction financing. Per the Letter, the updated requirements align with the amendments announced in
FHA issued Mortgagee Letter 2020-37 to extend temporary verification of employment and appraisal provisions due to COVID-19. The temporary provisions have been extended through December
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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