Freddie Mac issued Bulletin 2023-12 (Bulletin), rescinding the debt-to-income (DTI) ratio-based credit fee for certain mortgages with borrowers with DTI ratios above 40%. The credit fee was originally announced in Bulletin 2023-01 and intended to be effective for mortgages with Settlement Dates on or after August 1, 2023.
Click to view the Freddie Mac Guide Bulletin 2023-12: https://www.tenaco.com/wp-content/uploads/2023/05/Freddie-Mac-Guide-Bulletin-2023-12-05-11-23.pdf
Sign up for mortgage regulatory updates compiled from Fannie Mae, Freddie Mac, FHA, VA, RHS, Individual State Compliance & more. Subscribe to the TENAlert to receive an email notification the same day new updates are posted!
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
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
You will also receive an email with a link to the PDF.
