FHA issued Mortgagee Letter 2022-06, updating policy regarding reimbursement for property preservation and protection cost claims. Per the Mortgagee Letter, HUD will only reimburse mortgagees
FHA revised several forms that support FHA’s pre-foreclosure sale policy. The revised forms are: Form HUD-90035, Information Sheet, Pre-foreclosure Sale Procedure; Form HUD-90041, Request for
Fannie Mae issued Selling Guide Announcement SEL-2016-05 (Announcement). The Announcement updates the HomeReady mortgage loan product. The updates: allow an occupant borrower of a HomeReady
VA updated Circular 26-14-36 (Circular). Under the updated Circular, credit report invoice requirements announced on the original Circular 26-14-36 are clarified, the term“HUD-1” on the
Freddie Mac issued Bulletin 2016-09 (Bulletin). This Bulletin: grants servicers the option to use, without charge, the services of a HUD-approved nonprofit national counseling agency
FHA issued a mortgagee letter regarding automatic extensions to HUD’s initiation of foreclosure timeline. This mortgagee letter provides updated guidance relating to HUD’s regulatory requirement
FHA issued a mortgagee letter announcing single family foreclosure policy and procedural changes for HUD title II forward mortgages and reverse mortgages. This mortgagee letter
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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