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.
DS News--Christina Hughes Babb
The FHFA has released its second quarter Foreclosure Prevention and Refinance Report.
FHFA published an updated list of each person that is currently suspended under the Suspended Counterparty Program.
Ginnie Mae is reminding Issuers that existing MBS Program requirements may impact the pooling eligibility of VA loans where a deferment is exercised as a loss mitigation option or as part of an informal workout agreement.
This Guide Bulletin announces additional exclusions from the previously announced Market Condition Credit Fee as well as effective date extensions for previously announced temporary flexibilities.
Fannie Mae has updated the COVID-19 Selling FAQs to answer questions about federal student loans and remote online notarization record retention policy.
Fannie Mae has updated the extension of the effective date, extending the application dates eligible for these temporary flexibilities to Oct. 31, 2020, unless otherwise noted.
Fannie Mae has updated Single-Family Sellers Impact of COVID-19 on Originations to extend application dates to Oct. 31, 2020 for verbal verifications of employment and power of attorney flexibilities.
Fannie Mae has updated LL-2020-12 to clarify that the refinance exception relating to the new adverse market fee (loan-level price adjustment) applies to loans with an original principal amount less than or equal to $125,000.
Fannie Mae has updated LL-2020-06 to extended eligible note dates for selling loans in forbearance to October 31, 2020 and extend delivery to December 31, 2020.
Fannie Mae is updating the Notice of Accommodations form (Exhibit A) required on loans secured by a property located in Oregon with an origination date on or after August 20, 2020, as well as expanding the requirement to provide Exhibit A to the borrower at closing.
MReport – Phil Hall
The Federal Housing Finance Agency (FHFA) has modified the datasets for the Public Use Databases (PUDBs) of single-family and multifamily mortgage acquisitions by the GSEs’.
Fannie Mae's refreshed Servicer Self-Assessment includes updates to the Cash Management sections and the addition of section one in Lockbox Management Rejects.
Fannie Mae published new risk self-assessments providing tips and checklists to help mortgage seller/servicers effectively and efficiently manage risk.
Fannie Mae posted the September Appraiser Quality Monitoring (AQM) list.
