Fannie Mae recently issued Selling Guide Announcement SEL-2025-07 to announce changes to their Selling Guide that include reconsideration of value requirements, and borrower ownership interest in life estates.
Rescission of Reconsideration of Value Policy
Minnesota recently passed the Commerce Omnibus Finance and Policy Act (“H.F. 4”) that changed the maximum interest rate allowed for conventional subordinate liens.
A beneficiary who holds a future interest in a property that they are entitled to receive after the termination of the prior estate, such as a life estate.
In Maryland, a new law passed in Senate Bill 689 and companion bill, House Bill 1018, which requires certain mortgage lenders to allow an existing borrower who is getting a divorce to assume a conventional mortgage if they meet financial qualifications, including creditworthiness and income.
On June 25, 2025, William Pulte, the Director of the Federal Housing Finance Agency (“FHFA”) published a signed order on his social media account, that directs Fannie Mae and Freddie Mac (collectively, the “GSEs”) to consider cryptocurrency as an asset for Single-Family mortgage loans. The order directs the GSEs to each prepare a “proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments, without conversion of s
Colorado Board of Mortgage Loan Originators (the “Board”) recently held a Rule-Making Hearing during which Chapter 5: Professional Standards of the rules governing Mortgage Loan Originators, found at 4 CCR 725-3, was reviewed. During this hearing, the Board voted to repeal Rules 5.7 and 5.8, the relevant rules that require Mortgage Loan Originators to provide the Tangible Net Benefit Disclosure form to consumers.
As previously discussed, both houses of Congress had passed new legislation to protect consumers from an onslaught of solicitation from “trigger leads;” however, since they had not passed the same bill in the same session of Congress, those bills had not been able to yet become law. In the current Congress, the Senate passed Bill 1467, the Homebuyers Privacy Protection Act, and the House passed H.R.2808, also named the Homebuyers Privacy Protection Act. Each of these bills were passed in June of this year. However, there w
On June 26, 2025, the U.S. Department of Agriculture – Rural Development (“USDA”) announced updates to several chapters of the Single Family Housing Guaranteed Loan Program (“SFHGL”) Technical Handbook (“HB-1-3555”). As previously discussed here, the USDA announced updates to RD Form 3555-21, Request for Single Family Housing Loan Guarantee, to better reflect the chapter revisions.
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Revised Document: Standard Flood Hazard Determination Form (SFHDF)
SFHD.MSC
Updated to the most recently published model form version. (Date of Release to Production: 08/21/25)
