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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May 26, 2022

HUD NO. 22-103 HUD Announces Disaster Assistance For Kansas Disaster Survivors

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.

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May 26, 2022

Freddie Mac: Our Latest Loan Product Advisor® Feedback Message Updates Help You Make Faster Decisions

Freddie Mac released Loan Product Advisor® (LPA℠) Feedback Messages updates to help lenders make faster decisions.

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May 26, 2022

Federal Housing Finance Agency (FHFA) Announces Updated AMI Limits

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.

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May 25, 2022

USDA New Default Status Reason Codes for Electronic Status Reporting

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.

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May 25, 2022

VA Circular 26-22-09 New Procedures for Loans where the Borrower Has a VA-appointed Fiduciary and for Loans Commonly Called “Joint Loans”

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.

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May 24, 2022

USDA Single-Family Housing Guaranteed Loan Program Closing Reminders

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.

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May 24, 2022

Ginnie Mae APM 22-04: Digital Collateral Guide (eGuide) Updates

In APM 22-04 Ginnie Mae released updates to its Digital Collateral Guide effective June 1, 2022.

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May 24, 2022

Fannie Mae Executes $21B CIRT on Single-Family Loans

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.

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May 18, 2022

Fannie Mae Advance Notice of Retirement of Valuation Management System

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.

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May 18, 2022

Ginnie Mae APM 22-03: Delinquent Loan Buyout Requirements

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.

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May 18, 2022

Fannie Mae Uniform Closing Dataset (UCD) Collection Solution Enhancements Quick Guide for UCD Enhancements

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.

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May 18, 2022

Fannie Mae Document Custodian Notice RDC-2022-05

Fannie Mae has released Document Custodian Notice RDC-2022-05 to include an update of the Active Document Custodians list for 2022, effective immediately.

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May 18, 2022

Fannie Mae Appraisal Waivers Frequently Asked Questions

Fannie Mae has released an update to its Appraisal Waivers Frequently Asked Questions.

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May 18, 2022

Fannie Mae Property 360 for Expense Reimbursement

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.

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