Freddie Mac issued Bulletin 2019-20 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac updated requirements with respect to mortgage
Freddie Mac issued Bulletin 2019-21 (Bulletin), extending the implementation date of Servicing Gateway and the mandatory adoption of the Servicing Data Corrections Tool. Per the
Freddie Mac postponed the mandatory use date for the revised Uniform Underwriting and Transmittal Summary (Form 1077). Mandatory use of the revised Form was scheduled
The Maryland Commissioner of Financial Regulation (Commissioner) adopted rules amending the Mortgage Lender Law. The adopted rules amended borrower repayment ability and recordkeeping requirements, repealed
New York passed a bill amending breach of security disclosure requirements. Under the bill, New York’s breach of security disclosure requirements now apply in the
Montana passed a bill authorizing the remote online notarization of documents and establishing procedures for the performance of online notarizations. A remote online notarization is
RHS temporarily modified the calculation of non-fixed student loan payments for purposes of determining debt-to-income ratios. Per the modified requirements, lenders must now use the
FHA issued Mortgagee Letter 2019-15, updating Home Equity Conversion Mortgage (HECM) requirements with respect to Mortgagee Optional Election (MOE) assignments. A MOE assignment allows a
Nevada passed a bill increasing the amount of the state’s homestead exemption. Under the bill, the homestead exemption was increased to $605,000 (rather than $550,000).
Maine passed a bill amending postponement and report of sale foreclosure requirements. Under the bill, a foreclosure sale may now be postponed for a period
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