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.
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.
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.
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.
The FHFA director provides information about a new GSE-feedback rule and extensions to loan flexibilities.
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.
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.
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.
Fannie Mae has updated LL-2020-04 to the application dates eligible for these temporary flexibilities to November 30, 2020, unless otherwise noted.
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.
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).
Fannie Mae released an updated Software Subscription Agreement Master Terms and Conditions agreement.
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.
Fannie Mae Multifamily Operations has introduced the release of Multifamily Committing and Delivery (C&D) 22.0.
Fannie Mae has generated a DU Validation Service Q&A resource for loan origination controls.
