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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October 21, 2020

FHA Mortgagee Letter 2020-35 FHA Catalyst: Single Family Origination Module – Automated Underwriting System

This Mortgagee Letter announces additional functionality in FHA Catalyst for FHA Title II Single Family Forward Mortgage programs, creating a pathway where the AUS will allow the LOS to to be integrated with FHA Catalyst.

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October 21, 2020

Freddie Mac Bulletin 2020-41 Extension of the Effective Dates for the Purchase of Mortgages in COVID-19-Related Forbearance

This bulletin announces extensions to the purchase of eligible mortgages in forbearance with note dates on or before November 30, 2020 and settlement dates on or before January 31, 2021.

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October 21, 2020

Fannie Mae Lender Letter LL-2020-06 Selling Loans in Forbearance Due to COVID-19

Fannie Mae has updated LL-2020-06 to extend the flexibilities of selling loans in forbearance due to COVID-19 flexibilities of note dates to November 30 and delivery to January 31.

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October 20, 2020

FHFA Says Agency Has Kept Borrowers ‘Safe’ During Crisis

The FHFA director provides information about a new GSE-feedback rule and extensions to loan flexibilities.

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October 20, 2020

FHA Mortgagee Letter 2020-34 Update to the Date for Approving a COVID-19 Forbearance or COVID19 Home Equity Conversion Mortgage (HECM) Extension

This ML updates ML 2020-06 by allowing Mortgagees to approve Borrowers to begin a COVID-19 Forbearance or HECM Extension Period no later than December 31, 2020.

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October 20, 2020

FHFA Says Agency Has Kept Borrowers ‘Safe’ During Crisis

MReport – Christina Hughes Babb

During the Mortgage Bankers Association (MBA) virtual event on Monday, the FHFA Director Mark Calabria discussed steps the agency has taken to protect borrowers and renters during the COVID-19 pandemic.

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October 19, 2020

Freddie Mac Bulletin 2020-40 Extension of COVID-19-Related Selling Flexibilities

Freddie Mac Bulletin 2020-40 extends the effective date for the following temporary flexibilities for mortgages with application received dates through November 30, 2020: employed income 10-day preclosing verifications; appraisal and GreenCHOICE Mortgages®; condominium projects; and power of attorneys.

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October 19, 2020

Fannie Mae Lender Letter LL-2020-04 – Impact Covid-19 Appraisals (Updated)

Fannie Mae has updated LL-2020-04 to the application dates eligible for these temporary flexibilities to November 30, 2020, unless otherwise noted.

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October 19, 2020

Fannie Mae Lender Letter LL-2020-03 – Impact Covid-19 Originations (Updated)

Fannie Mae has updated LL-2020-03 to extend the verbal verifications of employment and power of attorney flexibilities to November 30, as well as move the remote online notarization policies into the Selling Guide.

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October 19, 2020

USDA SFH Guaranteed Loan Program URLA/ULAD Follow-up Readiness Assessment

This assessment is to see lender and vendor plans to support the new URLA mandate, understand capabilities to export the FNMA DU MISMO 3.4 v1.8.1 file from their Loan Origination System (LOS)/Point of Sale (POS) systems and timing into the new Guaranteed Underwriting System (GUS) user interface (UI).

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October 19, 2020

Fannie Mae Software Subscription Agreement Master Terms and Conditions Updated

Fannie Mae released an updated Software Subscription Agreement Master Terms and Conditions agreement.

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October 19, 2020

Fannie Mae File Transfer Portal Bulletin 20-01 File Transfer Portal Schedule

Fannie Mae released a bulletin in accordance with the section of the Software Subscription Agreement entitled “Issued Bulletins Amendments” announcing minor edits and amendments to the existing File Transfer Portal Schedule.

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October 19, 2020

C&D Release Notes Release 22.0

Fannie Mae Multifamily Operations has introduced the release of Multifamily Committing and Delivery (C&D) 22.0.

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October 19, 2020

DU Validation Service Frequently Asked Questions

Fannie Mae has generated a DU Validation Service Q&A resource for loan origination controls.

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