Fannie Mae issued Lender Letter LL-2018-04, announcing disaster policy updates and reminders. Pursuant to the Lender Letter, Fannie Mae increased the maximum reimbursement limit for
Fannie Mae issued Selling Guide Announcement SEL-2018-05 (Announcement), setting forth updates to the Selling Guide. As outlined in the Announcement, the Selling Guide has been
Fannie Mae issued Servicing Guide Announcement SVC-2018-04 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae consolidated current forbearance plan workout
Fannie Mae issued Lender Letter LL-2018-02, providing updates and additional details regarding the upcoming High Loan-to-Value Refinance option (available later this year). Fannie Mae introduced
Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2018 HomeReady income limits will be available
Fannie Mae issued Servicing Guide Announcement SVC-2018-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae updated requirements with respect to
Fannie Mae issued Reverse Mortgage Servicing Manual Announcement RVS-2018-01 (Announcement), setting forth updates to the Reverse Mortgage Loan Servicing Manual (Manual). Per the Announcement, servicers
Fannie Mae issued Selling Guide Announcement SEL-2018-03 (Announcement), setting forth updates to the Selling Guide. As outlined in the Announcement, the Selling Guide has been
Fannie Mae issued Servicing Guide Announcement SVC-2018-02 (Announcement), setting forth updates to the Servicing Guide. Fannie Mae updated the Servicing Guide to incorporate industry best
Fannie Mae extended the foreclosure moratorium for properties in Puerto Rico and the Virgin Islands affected by Hurricanes Irma or Maria. The foreclosure moratorium is
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
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes minor policy changes and technical edits, and incorporates
FHA issued Mortgagee Letter 2025-4, revising requirements for documenting and calculating income received from individuals renting space inside borrower homes (boarder income). Per the Mortgagee
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