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 The statements rescinded

VA issued Circular 26-21-07, updating home retention options and alternatives to foreclosure for borrowers affected by COVID-19. Per the Circular, VA now permits servicers to

Freddie Mac issued Guide Bulletin 2021-11, announcing an updated eligibility requirement for mortgages secured by investment properties or second homes. Per the Bulletin, a manually

Minnesota passed a bill requiring lenders and servicers to communicate with third-party designees and independent counseling agencies in the event of reverse mortgage loan default.

New York passed a bill amending the state’s power of attorney requirements. Under the bill, the principal’s signature on a power of attorney must be

Minnesota passed a bill amending provisions with respect to foreclosure consultants and equity purchasers. Under the bill, foreclosure consultants are now referred to as “solicitors”

New York passed a bill amending the content of the “notice to tenant” provided to tenants following a foreclosure sale. Under the bill, the “notice

Utah passed a bill amending mailing requirements with respect to a Cancellation of Notice of Default. Under the bill, if a default is cured and

The District of Columbia passed a bill extending the temporary foreclosure moratorium, payment deferment program and remote online notarization provisions due to COVID-19. The temporary

RHS amended guidance relating to the treatment of Mortgage Credit Certificates (MCC) in the new Guaranteed Underwriting System (GUS). In the new GUS, an MCC