Compliance Calendar
Search for current regulatory changes & updates from Fannie, Freddie, FHA, VA, and USDA.
Search for current regulatory changes & updates from Fannie, Freddie, FHA, VA, and USDA.
| Effective: | February 1, 2023 |
| Industry: | Mortgage Lending |
| Source: | Freddie Mac Bulletin 2023-3 → |
| Tags: | Property - Appraisal, Fees, Income |
Freddie Mac announces updates for affordable lending, desktop appraisals, property insurance, credit fees, and the age of tax returns in this bulletin.
| Effective: | February 1, 2023 |
| Industry: | Mortgage Lending |
| Source: | Fannie Mae Fannie Mae Selling Guide Announcement (SEL-2023-01) → |
| Tags: | Underwriting, Manufactured Homes, Credit - Liabilities, Refinance, Insurance |
This selling guide update helps to provide equitable and sustainable access to housing by expanding the use of site-built homes as comparable sales for MH Advantage® homes, and making enhancements to support borrowers with nontraditional credit, promotes safe and responsible lending by implementing new eligibility requirements for cash-out refinance transactions and makes several miscellaneous updates.
| Effective: | February 1, 2023 |
| Industry: | Mortgage Lending |
| Source: | Fannie Mae Fannie Mae Update to Lender Letter (LL-2022-05) → |
| Tag: | Certification, Endorsement, and Delivery |
Fannie Mae has updated LL-2022-05, Updates to Loan-level Price Adjustments, to include details about the removal of the requirement for Special Feature Code (SFC) 873. Lenders can stop delivering SFC 873 as our internal pricing system will determine when the waiver applies for whole loans delivered and purchased on and after March 1 and loans delivered into March 1 issue MBS pools beginning Feb. 1.
