Compliance NewsHub
Agency | GSE News

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.

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January 27, 2021

Fannie Mae LoanSphere Invoicing Line Item Change

Fannie Mae announces effective February 1, 2021, the LoanSphere Invoicing application will be updated with a new line item and subcategory for Post Payoff PD Reimbursement requests, in the General Services category.

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January 27, 2021

Fannie Mae Oklahoma Security Instrument Authorized Change

Fannie Mae has updated the instructions for the Oklahoma Mortgage (Form 3037) to reflect a new authorized change.

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January 27, 2021

Fannie Mae Prepare for the UCD Critical Edits Phase 1: May 2021

Fannie Mae and Freddie Mac has published guidelines for preparing for the UCD Critical Edits Phase 1 effective May 31, 2021.

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January 27, 2021

Fannie Mae Income and Employment Reverification — Best Practices and Tips

Fannie Mae's latest issue of Quality Insider highlights the importance of reverifications during the post-closing QC review.

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January 27, 2021

Freddie Mac Projects Multifamily Origination Rebound Boosted by Smaller Markets

Mortgage Bankers Association – Michael Tucker

Freddie Mac projects multifamily origination volume will bounce back, rising to $340 billion by year-end as another federal stimulus package boosts the economy.

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January 27, 2021

FHA Mortgagee Letter 2021-04 Update to the COVID-19 Forbearance Start Date and the COVID-19 Home Equity Conversion Mortgage (HECM) Extension Period

Effective immediately, FHA updates the COVID-19 forbearance start date and the COVID-19 Home Equity Conversion Mortgage (HECM) extension Period.

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ACES Impact: ROI Infographic

ACES Impact: ROI Infographic

ACES Customers Achieve Proven, Measurable ROI

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January 26, 2021

Multifamily Mortgage Business Lender Letter 21-01 Delinquency Early Warning System (DEWS) – CSV Bulk Upload Functionality and Guidance

Fannie Mae announced effective January 25, 2021, its Delinquency Early Warning System (DEWS) provides CSV Bulk uploading functionality.

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January 25, 2021

Biden names interim FHA commissioner

Mortgage Professional America – Candyd Mendoza

Janet Golrick was appointed acting FHA commissioner by President Joe Biden.

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January 25, 2021

Fannie Mae names board member as chief risk officer

Mortgage Professional America – Candyd Mendoza

Fannie Mae appoints board member Ryan Zanin as the mortgage firm’s executive vice president and chief risk officer.

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January 25, 2021

The Week Ahead: Nomination Hearing for Marcia Fudge

M Reports – Christina Hughes Babb

The United States Senate Committee on Banking, Housing, and Urban Affairs will hold a nomination hearing for the Honorable Marcia L. Fudge, to be Secretary of the U.S. Department of Housing and Urban Development, and also for the Honorable Cecilia E. Rouse, to be Chair, of the Council of Economic Advisers January 28.

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On Demand Webinar

On Demand Webinar

How to turn your Quality Control Team into a revenue retention department.

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January 22, 2021

FHA Mortgagee Letter 2021-03 Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency

FHA Mortgagee Letter 2021-03 announces an extension to the foreclosure and eviction moratorium originally issued in ML 2020-04, extended in MLs 2020-13 and 2020-19, 2020-27, and further extended in ML 2020-43 for borrowers with FHA-insured Single Family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through March 31, 2021.

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January 21, 2021

USDA Advance Copy Notice: HB-1-3555, Form RD 3555-21, and Appendix 7

The “New GUS” will be implemented on March 1, 2021, and in preparation, several chapters in Handbook 1-3555 will be updated and USDA is providing 30 days to review the upcoming proposed changes to HB-1-3555, Chapters 2, 5, 8, 10, 12, 15, Form RD 3555-21, and Appendix 7.

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January 21, 2021

HUD Proposes New Home Inspections Rule

DS News – Christina Hughes Babb

The U.S. Department of Housing and Urban Development (HUD) proposes a new rule for the National Standard for Physical Inspection of Real Estate (NSPIRE).

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January 20, 2021

USDA Extends Eviction Moratorium, Foreclosure Moratorium, and Mortgage Forbearance Deadline to March 31, 2021

USDA announced an extension to the foreclosure and eviction moratoriums, as well as the first legal action and reasonable diligence timelines until March 31, 2021; additionally, lenders may approve the initial 180-day COVID-19 Forbearance no later than the earlier of the termination date of the national emergency declared by the President on March 13, 2020 or March 31, 2021.

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