Fannie Mae amended Lender Letter LL-2020-06 (Letter) to extend temporary eligibility and delivery requirements for mortgages in forbearance due to COVID-19. The Letter extended the
Fannie Mae amended Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans (Letter). Per the amended Letter, Fannie Mae provided additional procedural details for
Freddie Mac issued Guide Bulletin 2020-41 (Bulletin) to extend temporary eligibility and delivery requirements for mortgages in forbearance due to COVID-19. The Bulletin extended the
The CFPB adopted rules extending the sunset date of the GSE Qualified Mortgage (QM) provisions set forth in the Truth-in-Lending Act. Currently, the GSE QM
The Tennessee Department of Financial Institutions announced the 2020-2021 supervision fee for mortgage lenders, brokers and servicers licensed under the Residential Lending, Brokerage and Servicing
Freddie Mac Extends Temporary Appraisal, Underwriting and Power of Attorney Flexibilities Due to COVID-19. Click here to view the Fannie Mae Lender Letter LL-2020-03: https://www.tenaco.com/wp-content/uploads/2020/10/Fannie-Mae-Lender-Letter-LL-2020-03.pdf
Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through November 30, 2020. Click
Freddie Mac issued Guide Bulletin 2020-40 to extend temporary appraisal, underwriting and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been extended
RHS extended temporary verification of employment and appraisal provisions due to COVID-19. The temporary provisions have been extended through December 31, 2020. Click here to
Alaska passed a bill authorizing remote notarizations and establishing requirements for the performance of remote notarizations. A remote notarization is a notarial act performed using
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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