Fannie Mae issued Selling Guide Announcement SEL-2016-08 (Announcement). The Announcement: introduces a new optional DU validation service for income; permits the waiver of appraisal requirements
Fannie Mae issued Servicing Guide Announcement SVC-2016-09 (Announcement). The Announcement: updates servicer responsibilities related to cancelling property insurance and managing property following a foreclosure sale;
Fannie Mae and Freddie Mac published supporting documents for the upcoming redesigned Uniform Residential Loan Application (URLA). The new support documents include a Dynamic URLA,
Fannie Mae issued Servicing Guide Announcement SVC-2016-08 (Announcement). The Announcement: updates the Foreclosure Time Frames and Compensatory Fee Allowable Delays exhibit; amends the Servicing Guide
Fannie Mae issued Reverse Mortgage Servicing Announcement RVS-2016-01 (Announcement). The Announcement updates the Reverse Mortgage Loan Servicing Manual to no longer require that, for HECMs,
Fannie Mae issued Selling Guide Announcement SEL-2016-07 (Announcement). The Announcement: incorporates references to the impasse, management escalation, and independent dispute resolution processes available to lenders;
Fannie Mae extended the expiration date of the DU Refi Plus program and the Refi Plus program. The new expiration date is September 30, 2017
Fannie Mae announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned
Fannie Mae issued Servicing Guide Announcement SVC-2016-07 (Announcement). The Announcement: sets forth the Independent Dispute Resolution (IDR) process for servicing breaches under the remedies framework
Fannie Mae updated the Evaluation Notice Model Clause exhibit and the solicitation letters for the Streamlined Modification and the Streamlined Modification Post Disaster Forbearance. The
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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