Fannie Mae announced that it will no longer charge a fee to exercise a property inspection waiver (PIW). The process for exercising a PIW offer will not change – lenders must provide special feature code (SFC) 801 at the time of loan delivery – but the fee will no longer apply. Discontinuance of the fee applies to all loans delivered with SFC 801 on or after January 1, 2017.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
