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.
The U.S. Department of Housing and Urban Development (HUD) implements federal disaster assistance to State and local recovery efforts in the areas of Kansas affected by severe winter storms and straight-line winds from March 17 to March 22, 2022.
Freddie Mac released Loan Product Advisor® (LPA℠) Feedback Messages updates to help lenders make faster decisions.
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The Federal Housing Finance Agency (FHFA) announced updates to the area median income (AMI) limits which are used to determine whether a borrower’s annual qualifying income meets the income eligibility requirements for Home Possible® or Refi PossibleSM mortgages.
The USDA Rural Housing Single-Family Housing Guaranteed Loan Program has updated its guidance to loan servicers concerning new default Status Reason Codes for Electronic Status Reporting and includes 12 new Status Reason Codes to be utilized when loan servicers complete their Monthly Default Status reporting.
This Circular announces new procedures in loans where the borrower has a VA-appointed fiduciary and new procedures for processing joint loans at the loan approval stage and lender reporting to VA for evidence of guaranty.
The USDA Single-Family Housing Guaranteed Loan Program (SFHGLP) has issued an alert to participating lenders of several closing requirements including Conditional Commitments and reminders about the closing/settlement date.
With CFPB complaints on the rise, learn how ACES can keep you compliant in real time.
Book a DemoIn APM 22-04 Ginnie Mae released updates to its Digital Collateral Guide effective June 1, 2022.
DS News - Kyle G. Horst
Fannie Mae executes its fifth Credit Insurance Risk Transfer (CIRT) for the single-family loan transaction of 2022 for $21 billion.
Valuation requests and order management will be transitioning from Valuation Management System (VMS) to Servicing Management Default Underwriter™ (SMDU™) and will be available to servicers via SMDU beginning on June 20 and servicers are required to implement this policy change by Sept. 1.
On May 17, 2022, Ginnie Mae published this memorandum to clarify how the Mortgage-backed Securities (MBS) Guide and other program documents apply to these new Agency standards concerning delinquent loan buyouts.
Fannie Mae has published its UCD Enhancements guide that provides access to this year’s previous, current, and upcoming UCD updates in an easy-to-read format, all in one document.
Fannie Mae has released Document Custodian Notice RDC-2022-05 to include an update of the Active Document Custodians list for 2022, effective immediately.
Fannie Mae has released an update to its Appraisal Waivers Frequently Asked Questions.
Fannie Mae announced that effective July 25, Property 360™ for Expense Reimbursement would be updated with the following line item: Attorney Fees – Post Sale Bid Process.
