Fannie Mae issued Lender Letter LL-2016-03. Under the Lender Letter, the mandatory effective date for lender-placed insurance (LPI) deductibles for servicers that use American Modern Insurance Group (AMIG) as their LPI provider is extended. The revised effective date is July 1, 2017.
Click here to view the Fannie Mae Lender Letter
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RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
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