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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April 16, 2021

VA Circular 26-21-8 Expanded Home Loan Eligibility Based on Certain National Guard Service

The VA announces expanding eligibility for the home loan benefits for certain members of the National Guard and provides guidance on the process for obtaining a Certificate of Eligibility (COE).

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April 15, 2021

Desktop Underwriter Validation Service Release Notes

During the weekend of April 17, 2021, Fannie Mae will update its DU validation service including message changes for employer name discrepancies, asset validation changes and DU validation service message changes.

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April 15, 2021

Freddie Mac April Lender News

This edition contains news and insights, products and services, tools and technology, learning and events, as well as industry and policy updates.

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April 14, 2021

Freddie Mac Servicing Bulletin 2021-14 Servicing Guide Updates

Freddie Mac Bulletin 2021-14 announces guide updates to servicing of Community Land Trust Mortgages; eMortgage legal referral requirements; adjustments to the Modification Loss Amount calculation used for the modifications of a mortgage subject to an indemnification agreement; and clarification on the scope of required legal review for Lost Note Affidavits.

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April 14, 2021

MBA Mortgage Action Alliance Call to Action Urges Flexibility on GSE Purchase Caps

Mortgage Bankers Association -- Mike Sorohan

The Mortgage Bankers Association’s public advocacy arm, Mortgage Action Alliance, issued a Call to Action urging its members to contact their congress members to allow flexibility on the GSE’s purchase cap.

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April 12, 2021

Fannie Mae has just quantified a key housing market trend

Mortgage Professional America – David Kitai

Fannie Mae has verified in data what some mortgage professionals have known from experience during the past year - COVID-19 caused a significant shift in home purchases, from low to high-density living

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April 09, 2021

Reporting by Regulated Entities of Stress Testing Results as of December 31, 2020

The FHFA has posted the Orders: Reporting by Regulated Entities of Stress Testing Results as of December 31, 2020.

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April 09, 2021

HUD’s $5B ‘Commitment to Addressing Homelessness’

M Report -- Christina Hughes Babb

HUD Secretary Marcia L. Fudge announced U.S. Department of Housing and Urban Development (HUD) would give about $5 billion in American Rescue Plan funds to establish affordable housing and provide services for those facing homelessness.

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April 08, 2021

Freddie Mac Guide Bulletin 2021-13 Introduction of Changes to Loan Eligibility Due to the Preferred Stock Purchase Agreement and Qualified Mortgage Rule

In accordance with Bulletin 2021-13, Freddie Mac will no longer acquire loans that are GSE Patch loans that do not meet the Revised QM Rule for applications received on or after July 1, 2021, and mortgages with settlement dates after August 31, 2021.

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April 08, 2021

Fannie Mae Lender Letter (LL-2021-09) Introduction of Changes to Loan Eligibility Due to the Preferred Stock Purchase Agreement and Qualified Mortgage Rule

In accordance with LL-2021-09, Fannie Mae will no longer acquire loans that are GSE Patch loans that do not meet the Revised QM Rule unless the loan has an application date on or before Jun. 30, 2021, and is purchased as a whole loan on or before August 31, 2021, or is in an MBS pool with an issue date on or before August 1, 2021.

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April 08, 2021

USDA SFH Guaranteed Loan Program - Frequently Asked Questions

The Single-Family Housing Guaranteed Loan Program has created a Frequently Asked Questions resource document for lenders, applicants, and stakeholders to provide immediate answers to common origination questions received by the Agency.

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April 08, 2021

Fannie Mae Updates Modification Interest Rate Exhibit

The current Fannie Mae Modification Interest Rate effective April 14, 2021, is 3.125%.

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April 07, 2021

Freddie Mac Guide Bulletin 2021-12: New Opportunities for Affordable Lending, Income and Asset Flexibilities and More

Freddie Mac's Selling Guide updates include affordable lending initiatives in the Home Possible® Mortgages and Community Land Trust Mortgages; income and assets requirements; Automated Collateral Evaluation (ACE) appraisal waiver offers and collateral representation and warranty relief; Second home and Investment Property Mortgage eligibility; as well as additional guide updates.

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April 07, 2021

Fannie Mae Selling Guide Announcement SEL-2021-03 – Selling Guide Updates

This Selling Guide update includes new forms for Fannie Mae review of co-op projects; revised Master Terms and Conditions to the Software Subscription Agreement; clarification of lender responsibilities related to gift funds identified in the Desktop Underwriter® validation service; eligibility of loans secured by second home and investment properties, incorporating the requirements announced in a prior Lender Letter; and a miscellaneous process change.

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