FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions and additional clarifications to various FHA policies
New York passed a bill prohibiting discrimination based on citizenship or immigration status. Under the bill, a lender may not discriminate against an applicant or
New York issued guidance regarding discontinued publication of Primary Mortgage Market Survey (PMMS) rate for 5/1 adjustable rate mortgage loans (ARMS). Under New York Banking
Fannie Mae issued Servicing Guide Announcement SVC-2022-08 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: updated property, flood, and project
FHA issued a partial waiver extending the face-to-face interview requirement for borrowers in default. The partial waiver allows lenders and servicers to continue to utilize
Freddie Mac issued Bulletin 2022-26 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: extended the date by which the processing
FHA added a new COVID-19 Home Equity Conversion Mortgage (HECM) property charge repayment plan option to assist senior homeowners who are behind on property charge
Fannie Mae issued Selling Guide Announcement SEL-2022-10 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated single-width manufactured home requirements
Fannie Mae issued Lender Letter LL-2022-07, providing information related to the Making Home Affordable Supplemental Directive 22-01 (Making Home Affordable Program-Revised Program End Date) issued
Washington adopted rules allowing loan originators to work at remote locations. Under the rule, a mortgage lender or broker licensed under the Consumer Loan Act
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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