Community Banker Alert
To: All PACB Members
From: Frank A. Pinto, President/CEO
Subject: Fannie Mae & Freddie Mac Approval of PACB Request for Pennsylvania Mechanics Lien Law Language to be added to Federal Mortgage Loan Forms
Date: August 9, 2007
Please see the attached memorandum from PACB’s General Counsel firm, Shumaker Williams, P.C. regarding a request PACB made to Fannie Mae & Freddie Mac following the changes Pennsylvania made to the Mechanics Lien Law and approval by Fannie and Freddie. We thought you would want to share this information with your mortgage loan departments. If you have any questions, please contact Dave Transue or Reg Evans of Shumaker Williams.