In March 2023, Fannie Mae/Freddie Mac revised the tagline and signature block of Texas Home Equity Security Instrument (Form...
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HUD Announces 30 Basis Point Reduction for Annual MIP Premiums
On February 22, 2023, the U.S. Department of Housing and Urban Development (“HUD”) announced a 30 basis point reduction to the...
Fannie Mae Announces New 12-Month Seasoning Requirement for Cash-Out Refinances
On February 1, 2023, Fannie Mae announced a new seasoning requirement for cash-out refinances in Selling Guide Announcement...
Texas Attorney General opines that a corporate entity may act as a trustee or substitute trustee of a deed of trust in Texas
In an Opinion issued on February 6, 2023 (Opinion No. KP-0424), Ken Paxton, the Attorney General of Texas, stated that a court...
Freddie Mac Announces New Seasoning Requirement for Certain Cash-Out Refinances
In Bulletin No. 2022-25, issued on December 7, 2022 (Bulletin No. 2022-25), Freddie Mac announced a new seasoning requirement...
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...