Freddie Mac issued Bulletin 2024-H (Bulletin) extending the $2,500 Home Possible Very-Low Income Purchase (VLIP) mortgages credit for one additional year and adding a new
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-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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