Fannie Mae issued Selling Guide Announcement SEL-2023-08 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to trust income
Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument provides further clarity and
Fannie Mae issued an update to Lender Letter LL-2023-03 and issued Lender Letter LL 2023-07 to retire servicing policies related to COVID-19. Per the Lender
Fannie Mae issued Selling Guide Announcement SEL-2023-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to PDCIR are
Fannie Mae issued Selling Guide Announcement SEL-2023-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to condo and
Fannie Mae issued Servicing Guide Announcement SVC-2023-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Revisions related to release or
Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument increases clarity to paragraph
Fannie Mae issued Selling Guide Announcement SEL-2023-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions of temporary interest rate
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2023 AMIs
Fannie Mae issued a Selling Notice (Notice) announcing the effective date for recently revised appraisal photo requirements. On March 1, 2023, Fannie Mae issued Selling
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
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