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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June 23, 2022

Fannie Mae QC Calibration FAQs

Fannie Mae has published the Quality Control Calibrations Frequently Asked Questions to address some of the question lenders may have about the QC Calibration process.

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June 23, 2022

Fannie Mae Desktop Underwriter/Desktop Originator Release Notes DU Version 11.0 August Update

Fannie Mae announced updates to Desktop Underwriter (DU) Version 11.0 effective the weekend of August 20, 2022, including changes to RefiNow™ messages, housing goals messages, DU address standardization, and other updates to align with the Selling Guide.

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June 22, 2022

USDA Interest Rate Increase for SFH Direct Programs

The USDA has released the interest rate increase effective July 1, 2022.

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June 22, 2022

Fannie Mae June Appraiser Update

This newsletter issue touches on some of the ways Fannie Mae partners with the appraiser profession to ensure that appraisals comply with policies.

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June 22, 2022

Fannie Mae Selling Notice Quality Control Calibrations

In an effort by Fannie Mae to highlight opportunities to strengthen QC programs, beginning in Q4 2022, they will conduct QC calibrations on a regular basis across lenders as a component of a lender’s overall QC program assessment selected using a risk-based approach that considers a lender’s existing controls and Fannie Mae delivery volume.

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June 22, 2022

Fannie Mae Condo Project Manager (CPM) Enhancements

On June 21, 2022, Fannie Mae released the Condo Project Manager enhancement guide, which provides access to this year’s previous, current, and upcoming CPM updates in an easy-to-read format all in one document.

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On-demand Webinar

On-demand Webinar

QC NOW: Top Issues on Mortgage Compliance & What You Need to Know

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June 22, 2022

Fannie Mae Selling Notice: Area Median Incomes 2022

Fannie Mae announced the Area Median Income 2022 would be implemented in Desktop Underwriter® (DU®) and published on their website for use with manually underwritten loans effective June 24, 2022.

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June 22, 2022

Fannie Mae Fannie Mae’s Disaster Response Network – Frequently Asked Questions

On June 21, 2022, Fannie Mae published its Disaster Response Network Frequently Asked Questions to support housing stability and augment the efforts of mortgage servicers helping homeowners impacted by a natural disaster or other crises.

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June 21, 2022

Ginnie Mae APM 22-07: Opening of the Digital Collateral Program to New Applicants

Beginning June 20, 2022, the Ginnie Mae Digital Collateral Program will be open to new applicants.

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June 21, 2022

VA Circular 26-22-11 Pest Inspection Fees and Repair Costs

VA is authorizing a local variance that Veterans may be charged wood destroying pest inspection fees, where required by the NOV and can also pay for any repairs required to ensure compliance with MPRs.

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June 20, 2022

Ginnie Mae MBS Portfolio Growth Exceeds $2.2T, Extends Covid Relief

DS News--Eric C. Peck

GNMA guaranteed more than $49 billion in mortgage-backed securities last month and the agency also extended two separate COVID temporary measures related to delinquency thresholds and audit policy as per Ginnie Mae APM 22-05 and Ginnie Mae APM 22-06.

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June 20, 2022

Freddie Mac Lender News

This June edition of Freddie Mac Lender News includes information on the equitable housing plan. expanded accessory dwelling unit policy, new AMI values, optimized manufactured housing lending and more.

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June 17, 2022

Ginnie Mae APM 22-05: Extension of Temporary Relief from the Acceptable Delinquency Threshold Requirement

Ginnie Mae has announced due to the continuing impact of the COVID-19 Pandemic National Emergency on forbearance levels and delinquency rates, Ginnie Mae is continuing the exemptions originally introduced in APM 20-06: “Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19", and in APM 21-04: “Extension of Temporary Relief from the Acceptable Delinquency Threshold requirement,” from July 31, 2022, through January 31, 2023.

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June 17, 2022

Ginnie Mae APM 22-06: Extension of Permitting Alternative Procedures for Certain Aspects of Issuer Annual Audit Report

In APM 22-06, Ginnie Mae announced the extension of the use of alternative audit procedures originally announced in APM 20-14: “Alternative Procedures Permitted for Certain Aspects of Issuer Annual Audit Report for Fiscal Year 2020” and extended in the APM 21-08: “Extension of Permitting Alternative Procedures for Certain Aspects Issuer Annual Audit Report.”

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