Freddie Mac issued Bulletin 2025-10 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions went into effect August 6, 2025.
Rhode Island passed a bill requiring mortgage lenders, brokers, originators, processors and underwriters who are independent contractors, and 3rd-Party servicers licensed under the Rhode Island
California passed a bill amending state foreclosure laws under the nonjudicial foreclosure process involving a subordinate mortgage. Under the bill, a mortgage servicer, mortgagee, trustee,
California passed a bill increasing an assessment under the Residential Mortgage Lending Act (RMLA). Under the bill, the assessment mortgage lenders and servicers bankers must
Minnesota passed a bill amending the maximum interest rate for conventional junior lien loans and amending the delivery for the Notice of Default. Under the
North Carolina passed a bill modernizing the Secure and Fair Enforcement Mortgage Licensing Act (NCSFEMLA). Under the bill, the NCSFEMLA: In addition, the bill required
Washington passed Senate Bill 5686 adding a foreclosure prevention fee and notice requirement under the Mortgage Broker Practices Act and Consumer Loan Act which had
Connecticut passed a bill requiring mortgage lenders, correspondent lenders, brokers, loan originators, loan processors or underwriters, and exempt registrants to provide a “notice of shared
Fannie Mae issued Servicing Guide Announcement SVC-2025-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revision related to foreclosure time
FHA issued a waiver regarding early payment default review requirements for properties impacted by the Texas severe storms. FHA currently requires lenders to select all
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