Freddie Mac issued Bulletin 2018-5 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac: increased the maximum LTV/TLTV/HTLTV ratios for purchase and “no cash-out” refinance mortgages for second homes and 2-unit primary residences; revised requirements for condominium unit mortgages (including elimination of the project review type for 2- to 4-unit condominium projects); now permits an attorney’s opinion of title for mortgages secured by units in a planned unit development; revised Exhibit 4 (Single-Family Uniform Instruments) to align with updates made to the Texas Home Equity Uniform Instruments; revised Exhibit 5 (Authorized Changes to Notes, Riders, Security Instruments and the URLA) to align with updates made to the Maine MERS Mortgage Assignment; and updated Guide Form 989SF (Certificate of Incumbency for a Limited Partnership). The elimination of the project review type for 2- to 4-unit condominium projects becomes effective June 28, 2018. All other updates are effective immediately.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2025-01
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
February 17, 2025
