Freddie Mac Issued Bulletin 2016-17 (Bulletin). The Bulletin: updates Freddie Mac’s State foreclosure timelines; updates reimbursement requirements for attorney fees and costs when a nonjudicial
Freddie Mac extended the expiration date of the Relief Refinance Mortgage program. The new expiration date is September 30, 2017 (rather than December 1, 2016).
Freddie Mac announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned
Freddie Mac issued Guide Bulletin 2016-16 (Bulletin). This Bulletin: allows PACE (or PACE-like obligations) that result in or provide for first lien priority to be
Freddie Mac announced an Investor Reporting Change Initiative (Initiative). The Initiative will convert Freddie Mac’s single-family investor reporting requirements closer to an industry standard and
Freddie Mac issued Guide Bulletin 2016-14 (Bulletin). This Bulletin: updates Freddie Mac’s selling representation and warranty framework and the servicing remedies framework (including updates to
Freddie Mac announced updates to the Massachusetts Housing Finance Agency’s (MHFA) Mortgage Insurance Fund forms. On or after October 1, 2016, lender’s selling mortgages with
Freddie Mac issued Guide Bulletin 2016-13 (Bulletin). The Bulletin: provides servicers additional flexibility when filing for relief from the automatic stay of bankruptcy; removes the
Freddie Mac issued Guide Bulletin 2016-12 (Bulletin). The Bulletin: revises ARM notes and riders to include new language imposing a lifetime floor equal to the
Freddie Mac issued Guide Bulletin 2016-11 (Bulletin). The Bulletin updates requirements related to Home Possible mortgages (including Home Possible Advantage mortgages). The updated requirements: prohibit
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.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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