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.
FHFA published an updated list of each person that is currently suspended under the Suspended Counterparty Program.
This article addresses a recently released set of FAQs for appraisal waiver offers issued through Desktop Underwriter® (DU®) using Fannie Mae’s database of more than 50 million appraisal reports in combination with proprietary analytics from Collateral Underwriter® (CU®) to determine the minimum level of property valuation required for loans delivered to Fannie Mae.
Search our Compliance Calendar for current
regulatory changes & updates from Fannie,
Freddie, FHA, VA, and USDA.
VA Circular 26-21-14 announces the extension of foreclosure-related evictions through September 30, 2021, on properties previously secured by VA-guaranteed loans (including properties in VA’s Real Estate Owned portfolio; excluding vacant or abandoned properties).
FHA announces the extension of the foreclosure-related eviction moratorium through September 30, 2021, and reminds servicers of the expiration of the foreclosure moratorium on July 31, 2021.
USDA is extending its moratorium on evictions through September 30, 2021 for Single Family Housing Guaranteed Loan Program (SFHGLP) borrowers; however, the foreclosure moratorium remains unchanged and will expire on July 31, 2021.
Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratorium on single-family real estate owned (REO) evictions until September 30, 2021.
Mortgage Professional America -- Duffie Osental
According to a recent report from the Wall Street Journal, rising prices in the nation's housing market have pushed banks to sell investor-backed bonds that spread the risk of mortgage defaults.
Ginnie Mae announces updates to the MBS Guide, 5500.3, Rev-1 to align with changes announced in APM 18-06, as well as make other changes.
Freddie Mac announces July Loan Product Advisor® (LPASM) releases align with the most recent Single-Family Seller/Servicer Guide updates and include updates to Freddie Mac Enhanced Relief Refinance® mortgages and a new filter functionality added to the assignment log that improves the way you access information.
Fannie Mae announces that beginning in August, servicers can submit single and bulk upload claims within Property 360™ and Fannie Mae will be able to fully process all claims without the need to resubmit in LoanSphere 571 Invoicing for manual processing.
Fannie Mae and Freddie Mac published uniform SOFR ARM notes and riders for use in Puerto Rico including Note Forms 3441.53 and 3442.53, and Riders Forms 3141.53 and 3142.53.
Fannie Mae has posted the the July Appraiser Quality Monitoring (AQM) list to the Appraiser Quality Monitoring page.
The optional Post-Closing Loan File Document Checklist, Form 1032, to assist lenders in responding to post-purchase file requests from Fannie Mae.
COVID-19 related Temporary Property Inspection Protocols has been updated to include conducting Green Rewards Verification inspections using alternative inspection approaches, removing delegation to order a Property Condition Assessment or Engineering Assessment for Loss Mitigation purposes; and obtaining Fannie Mae’s approval when required.
