FHA issued Mortgagee Letter 2024-02, establishing the Payment Supplement loss mitigation option. Per the Mortgagee Letter (ML), the Payment Supplement loss mitigation option combines a
VA issued Circular 26-24-02 amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA included a 40-year repayment term for a
Fannie Mae issued an update to Lender Letter LL-2023-07 to clarify a servicing policy related to COVID-19. Per the update to the Lender Letter, Fannie
Fannie Mae issued Lender Letter LL-2023-04 and Freddie Mac issued Bulletin 2023-21, announcing new relief measures for a loan impacted by a COVID-19 Forbearance. Per
VA issued Circular 26-23-12, Change 1, amending COVID-19 Home Retention Waterfall and COVID-19 Refund Modification requirements. Per the Circular, VA amended Section 7(a)(2) of the
VA issued Circular 26-23-12 to update COVID-19 home retention waterfall and temporary home retention options (loan deferment and COVID-19 refund modification) following the termination of
Fannie Mae issued an update to Lender Letter LL-2023-03 and issued Lender Letter LL 2023-07 to retire servicing policies related to COVID-19. Per the Lender
Freddie Mac issued Bulletin 2023-17 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac retired: Freddie Mac also increased the reimbursable
VA issued Circular 26-23-08 to extend the date through which a borrower can request a COVID-19 related forbearance. Per the Circular, VA extended the period
RHS issued a SFH Guaranteed Servicing Notice (Notice) extending the COVID-19 forbearance deadline. Per the Notice, RHS extended the date by which a servicer may
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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