CFPB Issues an Interim Rule to Amend the Fair Debt Collection Practices Act (FDCPA)
The CFPB issued an interim rule to amend the Fair Debt Collection Practices Act (FDCPA). The interim rule requires debt collectors to provide written notice
The CFPB issued an interim rule to amend the Fair Debt Collection Practices Act (FDCPA). The interim rule requires debt collectors to provide written notice
VA issued Circular 26-21-08, expanding home loan eligibility based on certain National Guard service. Per the Circular, expanded eligibility includes members of the Army National
New Mexico passed a bill amending adjustable rate mortgage provisions for “home loans” (loans of $548,250 or less secured by a 1- to 4-family property
New Jersey passed a bill amending the content of the foreclosure mediation notice mortgage lenders and servicers are required to provide borrowers in default. Under
Freddie Mac issued Bulletin 2021-14: Servicing Updates (Bulletin) introducing updates that provide opportunities to streamline processes and support responsible lending. Per the Bulletin, Freddie Mac: Adjusted
Freddie Mac issued Bulletin 2021-12 (Bulletin) announcing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Home Possible
Fannie Mae issued Lender Letter LL-2021-09 addressing the revised qualified mortgage rule and loan eligibility. Per the Lender Letter, loans with application dates on and
Freddie Mac issued Bulletin 2021-13 addressing the revised qualified mortgage rule and loan eligibility. Per the Bulletin, loans with application dates on and after July
Fannie Mae issued Selling Guide Announcement SEL-2021-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Introduced 2 new forms (Form
The CFPB announced the recession of seven policy statements issued last year that provide temporary flexibilities to financial institutions due to COVID-19. The statements rescinded
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