RHS issued a waiver (under the Single Family Housing Guaranteed Loan Program) allowing lenders and servicers to offer a loan modification interest rate that exceeds the original guaranteed note rate. Previously, a modified interest rate could not exceed the interest rate set forth in the original loan note guarantee. Effective immediately, servicers may now offer a modified interest rate that does not exceed the Freddie Mac Weekly Primary Mortgage Market Survey rate for a 30 year fixed rate mortgage (rounded to the nearest .125% plus 50 basis points). The waiver is in effect until rescinded.
Fannie Mae
Fannie Mae Issues Selling Guide Announcement SEL-2025-02
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
April 3, 2025
