North Dakota Amends Money Brokers Act
North Dakota passed a bill amending the Money Brokers Act (MBA). Under the Bill, a lender licensed under the MBA may not collect finance charges
North Dakota passed a bill amending the Money Brokers Act (MBA). Under the Bill, a lender licensed under the MBA may not collect finance charges
Fannie Mae issued Servicing Guide Announcement SVC-2021-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: broadened the requirements for acceptance
Oregon passed a bill removing gender identity from the definition of sexual orientation in state law and creating a new standalone definition of gender identity.
Fannie Mae issued Selling Guide Announcement SEL-2021-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Updated asset documentation requirements for
Freddie Mac issued Bulletin 2021-25 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Announced affordable housing and lending guide updates
FHA issued FHA Info #21-49 announcing enhanced capabilities in the FHA Catalyst: Claims Binder Module. Per the update, lenders and servicers may now use the
The CFPB issued the 2021 Mortgage Servicing COVID-19 final rule amending early intervention and loss mitigation requirements under the Real Estate Settlement Procedures Act. The
Connecticut passed a bill extending the sunset date of the Foreclosure Mediation Program (Program) for an additional 6 years. Under the bill, the Program end
Freddie Mac issued Bulletin 2021-24 (Bulletin) announcing the expiration of the COVID-19 foreclosure moratorium and other servicing updates. Per the Bulletin, the foreclosure moratorium announced
FHA issued Mortgagee Letter 2021-17, revising property and appraisal quality control review requirements. Per the Mortgagee Letter, FHA revised requirements with respect to appraisal field
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