Freddie Mac extended the effective date of the revised HOME Possible mortgage requirements (previously announced in Bulletin 2019-07). Bulletin 2019-07 revised Home Possible mortgage requirements
Freddie Mac issued Bulletin 2019-15, amending income eligibility requirements for Home Possible mortgages. Per the Bulletin, to be eligible for a Home Possible mortgage, a
Freddie Mac issued an industry letter prohibiting the use of seller gifts and grants as eligible sources of funds for Home Possible Mortgages. Currently gifts
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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