In Bulletin No. 2022-25, issued on December 7, 2022 (Bulletin No. 2022-25), Freddie Mac announced a new seasoning requirement...
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Read articles below for analysis and discussion of recent trends by BM&G’s industry experts.
FHA Revises Conflict of Interest and Dual Employment Policies
On December 15, 2022, the FHA issued Mortgagee Letter 2022-22 (the “Mortgagee Letter”) amending FHA’s policies with respect to...
HMDA Regulation C Technical Amendments Reduce Closed-end Mortgage Loan Reporting Threshold
In the December 21, 2022, Federal Register (87 FR 77980), the CFPB issued technical amendments to Regulation C §§1003.2 and...
Fannie Mae form update
As a reminder, loans that will be delivered to Fannie Mae or Freddie Mac with note dates on or after January 1, 2023 must be...
Federal Agencies to Increase Higher-priced Mortgage Loan Appraisal Exemption Threshold
In the October 20, 2022, issue of the Federal Register (87 FR 63663), the Office of the Comptroller of the Currency, Treasury...
FRB and CFPB Increase Regulation Z Exemption Threshold
In the October 20, 2022, issue of the Federal Register (87 FR 63671), the Board of Governors of the Federal Reserve System (FRB)...
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FHA Mortgagee Letter 2022-17 Rental History for First-time Homebuyers
On September 27, 2022, FHA issued the above Mortgages Letter (ML 2022 -17) to provide guidance to lenders regarding the...
Texas Mortgage Loan Servicer Renewal Period; TDSML Fee Increases
Texas Mortgage Loan Servicer Renewal Period This section of the memorandum is to make Texas Mortgage Loan Servicers more aware...
HUD Issues Mortgagee Letter 2022-14 (ML 2022-14) Requiring UEIs
On August 23, 2022, HUD issued ML 2022-14 requiring all lenders and Mortgagees approved for FHA Title I and/or Title II...