Ginnie Mae announced the revision to pooling eligibility requirements for Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS).
This topic consolidates all announcements, newsletters, bulletins, handbook/guide updates, and general news coming from FHFA, Fannie Mae, FHA, Freddie Mac, GNMA, RHS, and VA.
Ginnie Mae announced the revision to pooling eligibility requirements for Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS).
On October 1, 2023, the new ineligible area maps for the Rural Development Single Family Housing (SFH) and Multi-Family Housing programs will be updated to the USDA Income and Property Eligibility Site at https://eligibility.sc.egov.us.
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
Fannie Mae announced that during the weekend of September 23, 2023, they will implement Release 29.2, which includes the changes and enhancements described below for Asset Management Network (AMN)/HomeSaver Solutions™ Network (HSSN).
The purpose of this Circular is to remove the “Pricing Sheet” from the stacking order for loans selected for FFLR.
The FHA has announced an enhancement in the FHA Catalyst: Claims Module that enables bulk submissions of supplemental claims, including supporting and required documentation that allows users to no longer be required to individually submit supplemental claims.
Fannie Mae has issued a Fraud Alert involving loans originated in suburban Atlanta, GA that have misrepresented borrower profiles in multiple loans that indicate identity theft and have allowed perpetrators to make off with large sums of money at closing.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews. The platform has enabled us to focus on pre-funding reviews and allocate our resources to other areas where defects need correction."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
Hear WhyFannie Mae has released a guide on how to get the most from your quality control program.
Fannie Mae released common questions about the features, requirements, and benefits of the RefiNow™ mortgage, an affordable refinancing option aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs.
The GSEs announced they will update the Uniform Loan Delivery Dataset (ULDD) to align with current GSE requirements and support the continued improvement of our loan delivery standards.
The new ineligible area maps for the Rural Development Single Family Housing and Multi-Family Housing programs will be updated to the USDA Income and Property Eligibility Site effective October 1, 2023.
This notice provides the fiscal year 2024 fee structures and issuance of conditional commitments for the Single-Family Housing Guaranteed Loan Program.
The Federal Housing Administration has issued a waiver to a requirement that FHA-approved mortgagees flag rejected loans in the FHA Connection (FHAC) system.
Fannie Mae has published a Frequently Asked Questions document for Project Standards Requirements to provide responses to common questions related to Fannie Mae’s project review methods and policies for determining project eligibility for mortgages secured by units in condo, co-op, and planned unit development (PUD) projects.
In this bulletin, Freddie Mac announced changes to student loan payment amounts included in the debt payment-to-income (DTI) ratio and refinance mortgage.