FHA indefinitely suspended the effective date of Mortgagee Letter 2019-06: Downpayment Assistance and Operating in a Government Capacity Guidance. In Mortgagee Letter 2019-06, FHA clarified documentation requirements for governmental entities providing downpayment assistance to FHA borrowers. The Mortgagee Letter went into effect April 18, 2019. Mortgagees are advised to continue following the guidance published in Single Family Housing Policy Handbook 4000.1 Section II.A.4.d.ii. (regarding source requirements for a borrower’s minimum required investment).
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
November 14, 2024
