Fannie Mae announced they had added Quick Access comments to the Property 360 for REOgram and updates to the Sold/Disposed REO Report, effective January 28, 2023.
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.
Fannie Mae announced they had added Quick Access comments to the Property 360 for REOgram and updates to the Sold/Disposed REO Report, effective January 28, 2023.
Mortgagee Letter 2023-02 has extended the period of time that single-family COVID-19 recovery options are available as well as expanding the availability of the options to additional borrowers.
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This industry letter was published by Freddie Mac to serve as a reminder about Freddie Mac Single-Family Seller/Servicer Guide requirements concerning fair housing/fair lending and obligations related to non-public information in the pooling, packaging and marketing of securities to help satisfy certain environmental, social and governance (ESG) investment criteria.
On January 19, 2023, VA released a Servicer Newsflash that includes information on multiple event reporting, "invalid sale results" event and redeemed properties as well as information on the transition to ServiceNow.
On January 23, 2023, Fannie Mae released an EarlyCheck Enhancements overview that provides this year’s previous, current, and upcoming EarlyCheck updates in an easy-to-read format in an all-in-one document.
During the weekend of Feb. 25, 2023, Fannie Mae will implement Desktop Underwriter® (DU®) Version 11.1, which will include a DU risk and eligibility assessment update, HomeStyle® Renovation update, rent payment identification on third-party asset verification reports, cash flow assessment, updates to align with the Selling Guide and the retirement of DU Version 10.3.
This Notice announces the replacement index that servicers must use for Fannie Mae-owned loans indexed to LIBOR after June 30, 2023.
This Bulletin announces the replacement index that servicers must use for Freddie Mac-owned loans indexed to LIBOR after June 30, 2023.
Fannie Mae has released its High LTV Refinance Option FAQ and has announced that they are temporarily pausing the acquisition of high LTV refinance loans because of the low volume and impact of the Revised QM Rule.
Fannie Mae announced, effective February 2, 2023, enhancements to the Quick Exchange application, used for requesting servicing and sub-servicing transfers (via Form 629 data submission), which has been updated (1.5.0 release).
Lender repurchases are up 70.4% compared to this time last year. Learn how you can improve loan quality with ACES.
Book a DemoFannie Mae and Freddie Mac have provided frequently asked questions about changes for the multifamily radon policies for 2023.
In the mortgagee letter, FHA provides instructions on the FHA-specific modifications for use with an updated Government Sponsored Enterprises (GSE) security instrument or note.
In this lender letter, Fannie Mae announced future changes to loan-level price adjustments (LLPAs) and an overall redesign of the LLPA matrix for all wholesale loans purchased on or after May 1, 2023.
The Veterans Administration (VA) announced enhanced oversight procedures that will better enable them to identify discriminatory bias in home loan appraisals and act against participants who illegally discriminate based on race, color, national origin, religion, sex (including gender identity and sexual orientation), age, familial status, or disability.