Freddie Mac Announces New Enhanced Relief Refinance Program
Freddie Mac issued Bulletin 2017-17 (Bulletin), announcing the new Enhanced Relief Refinance (ERR) program. The ERR program provides refinance opportunities to borrowers that are making
Freddie Mac issued Bulletin 2017-17 (Bulletin), announcing the new Enhanced Relief Refinance (ERR) program. The ERR program provides refinance opportunities to borrowers that are making
Freddie Mac issued Bulletin 2017-16 (Bulletin), announcing revisions to selling requirements for mortgage loans secured by properties affected by Hurricane Harvey. Pursuant to the Bulletin,
Freddie Mac issued Guide Bulletin 2017-15 (Bulletin), setting forth selling and servicing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, sellers and servicers must
Freddie Mac issued Bulletin 2017-14 (Bulletin), requiring lenders and servicers to temporarily suspend foreclosure activities with respect to borrowers affected by Hurricane Harvey. The temporary
Freddie Mac expanded the automated collateral evaluation (AC) eligibility to include purchase transactions. In Bulletin 2017-8, Freddie Mac introduced ACE provide sellers the option to
The Federal Housing Finance Agency (FHFA) announced the extension of the Home Affordable Refinance Program (HARP). Pursuant to the announcement, FHFA has directed Fannie Mae
Freddie Mac issued Bulletin 2017-12 (Bulletin), announcing revisions to rental income qualification requirements. Per the Bulletin, the revisions include expanded requirements, additional specificity and guidance
Freddie Mac issued Bulletin 2017-10 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide. Under the Bulletin, Freddie Mac added a new Chapter to the Single-Family
Freddie Mac issued an industry letter announcing changes under the Home Possible Mortgage Program with respect to a borrower’s acceptance of gifts and grants from
Freddie Mac issued Bulletin 2017-9 (Bulletin), announcing updates to Freddie Mac’s servicing requirements. The servicing updates relate to: loss mitigation property valuation requirements; modification requirements
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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