Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
The Compliance NewsHub
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The Compliance NewsHub delivers mortgage, credit and compliance headlines and breaking news to help compliance and quality control professionals easily find relevant news and important regulatory dates.
On February 2, 2023, the U.S. Department of Housing and Urban Development (HUD) announced the first set of communities to receive grants and vouchers to address homelessness among people in unsheltered settings and rural communities.
View SourceUSDA has announced an interest rate decrease effective February 1, 2023.
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Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
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.
View SourceThis 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.
View SourceWith Change 1 to VA Circular 26-23-4, VA is extending the effective date from February 1, 2023, to April 1, 2023.
View SourceWith Change 1 to VA Circular 26-23-3, VA is extending the effective date from February 1, 2023, to April 1, 2023.
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"Of all the systems and vendors we vetted, ACES had what we needed to accomplish from start to finish."
- Wesley Klepfer, Compliance Program Director at Celink
Fannie Mae has published a FAQs to address questions for both standard single and multi-width Manufactured Housing and Manufactured Housing Advantage underwriting.
View SourceFannie Mae has provided an updated Servicing Transfers Form 629 User Guide.
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