FHA issued Mortgagee Letter 2020-44 to extend the effective date through which a borrower may begin a COVID-19 Forbearance, and to extend HECM deadlines for

FHA issued Mortgagee Letter 2020-45 to extend the temporary endorsement process for mortgages placed in forbearance due to COVID-19. The temporary process has been extended

The CFPB adopted rules amending the General Qualified Mortgage (QM) definition under the QM/ATR provisions set forth in the federal Truth-in-Lending Act. Among other things,

The CFPB adopted rules creating a new Seasoned Qualified Mortgage (SQM) category under the QM/ATR provisions set forth in the federal Truth-in-Lending Act. The SQM

FHA issued Mortgagee Letter 2020-49, announcing updates to the Addendum to Uniform Residential Loan Application (Form HUD-92900-A). Per the Mortgagee Letter, the updated Addendum contains

FHA issued Mortgagee Letter 2020-48, announcing updated appraisal standards for the sales comparison approach for a category of manufactured housing that meets Fannie Mae’s MH

New York passed a bill enacting loss mitigation and foreclosure notice requirements for reverse mortgages subject to the federal Home Equity Conversion Mortgage (HECM) program.

New York passed a bill amending the state’s statutory power of attorney provisions. The bill revised provisions related to definitions, grants of authority for certain

Oregon adopted rules amending the content of the consumer complaint statement that must be included in each mortgage loan billing statement and notice. The adopted

Freddie Mac issued Bulletin 2020-48 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated liquidity eligibility requirements for non-depository sellers