Freddie Mac issued Bulletin 2022-15 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: enhanced Loan Product Advisor (LPA) to include
FHA issued Mortgagee Letter 2022-09, updating the effective income calculation with respect to a COVID-19 related economic event. Per the Mortgagee Letter, FHA updated the
Rhode Island adopted a rule allowing employees to work at remote locations. Under the rule, lenders, brokers, and servicers licensed under the Rhode Island General
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions to existing guidance, technical edits and the
VA issued Circular 26-22-10 (Circular), announcing Certificate of Eligibility (COE) enhancements to include the United States Space Force (USSF) as a branch of service. Per
Freddie Mac issued Bulletin 2022-14 and Fannie Mae issued Lender Letter LL-2022-02, providing requirements for loans impacted by the Equifax coding issue. Per the Bulletin
VA issued Circular 26-22-12 (Circular), introducing a new Certificate of Eligibility (COE) funding fee status for active-duty service members with pending pre-discharge claims. Per the
Ohio passed a bill allowing mortgage business at remote locations. Under the bill, lender, brokers, and servicers licensed under the Residential Mortgage Lending Act (RMLA),
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady mortgage loans and RefiNow transactions. The 2022 AMIs will
VA issued Circular 26-22-11 (Circular), updating wood destroying pest inspection fees and repair cost policies. Per the Circular, VA now permits a borrower to be
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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