Freddie Mac issued Bulletin 2020-39: Servicing Updates (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to: Electronic

Montana adopted rules decreasing license renewal fees under the Montana Mortgage Act. The rule adoption went into effect October 12, 2020. See the Montana Secretary

Freddie Mac issued Bulletin 2020-38 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to the following: Home

FHA issued a partial waiver for eligible Non-Borrowing Spouses impacted by COVID-19. The partial waiver allows an eligible Non-Borrowing Spouse to enter into a deferral

Fannie Mae issued Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans (Letter). Per the Letter, Fannie Mae changed the trigger for automatic reclassification

FHA issued Mortgagee Letter 2020-31, announcing the incorporation of the FHA Defect Taxonomy as an Appendix to the Single Family Housing Policy Handbook.  The Defect

VA issued Circular 26-20-33: Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases (Circular). Per the Circular, servicers may offer borrowers (who

VA issued Circular 26-20-34 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Laura. The measures include: the

FHA issued Mortgagee Letter 2020-30 (Letter), announcing underwriting guidelines for borrowers with previous mortgage payment forbearance. The Letter outlines requirements borrowers must meet to request

Fannie Mae amended Lender Letter LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary appraisal flexibilities have been extended through September 30, 2020.