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Fannie Mae Updates Selling Guide
On April 3, 2019, Fannie Mae announced changes to the Selling Guide sections covering HomeReady ® mortgage loans, the self-report process, and additional topics.
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Arkansas Amends its Fair Mortgage Lending Act
Arkansas has passed Senate Bill 188, the provisions of which become effective August 9, 2019.
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Nebraska Amends Provisions Regarding Uniform Power of Attorney Act and Residential Mortgage Licensing Act
The State of Nebraska amended its provisions that include information relating to licensing requirements under its Residential Mortgage Licensing Act and provisions relating to its Uniform Power of Attorney Act.
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Utah Amends Provisions Regarding Notaries Public Reform Act
The State of Utah amended its provisions under its Notaries Public Reform Act. The bill takes effect on November 1, 2019.
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Virginia Modifies Licensing Provisions Regarding MLOs
The Commonwealth of Virginia modified its provisions relating to licensing requirements for mortgage loan originators.
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Montana Amends Provisions Regarding Mortgage Act and Reporting Requirements for Escrow Businesses
The state of Montana amended its provisions relating to its Mortgage Act.
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North Dakota Adopts Remote Notary Requirements
North Dakota has enacted House Bill No. 1110 relating to the adoption of the Revised Uniform Law on Notarial Acts.
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South Dakota Adopts Remote Notary Requirements
The legislature of South Dakota has enacted House Bill 1272, An Act to provide for remote notarization.
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Wyoming Amends Provisions Surrounding Property Redemption
Wyoming has enacted House Bill 292 amending foreclosure sale and right of redemption provisions.
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FHLB updates the MPF Traditional Selling and Servicing Guide
On March 1, 2019, the Federal Home Loan Bank’s Mortgage Partnership Finance (MPF) program announced the following updates and clarifications to the MPF Traditional Selling and Servicing Guide.
