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Fannie Mae Mandates Use of Supplemental Consumer Information Form (Form 1103)
Fannie Mae issued Lender Letter LL-2022-03, mandating the use of Supplemental Consumer Information Form (Form 1103) for loans sold to Fannie Mae with application dates
Fannie Mae issued Lender Letter LL-2022-03, mandating the use of Supplemental Consumer Information Form (Form 1103) for loans sold to Fannie Mae with application dates
Fannie Mae updated Lender Letter LL-2021-03: Impact of COVID-19 on Origination to remove the suspension of bulk acquisitions, and update the allowable delivery time for
Fannie Mae issued Selling Guide Announcement SEL-2022-06 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: added requirements for compliance with
Freddie Mac issued Bulletin 2022-14 and Fannie Mae issued Lender Letter LL-2022-02, providing requirements for loans impacted by the Equifax coding issue. Per the Bulletin
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady mortgage loans and RefiNow transactions. The 2022 AMIs will
Fannie Mae issued Servicing Guide Announcement SVC-2022-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: transitioned the process for ordering
Fannie Mae issued Selling Guide Announcement SEL-2022-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated policy on limited cash-out
Fannie Mae issued Servicing Guide Announcement SVC-2022-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: Eliminated the requirement to provide
Fannie Mae updated Lender Letter LL-2021-02 to increase the expense reimbursement limit by $5 for interior and exterior property inspections. The interior property inspection maximum
Fannie Mae issued Selling Guide Announcement SEL-2022-04 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: added requirements on the use
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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