VA issued Circular 26-19-19, establishing a new mandatory stacking order for files selected for a VA full file loan review. Per the Circular, VA established
VA issued Circular 26-19-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Barry. The measures include: the forbearance
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
New Jersey passed a bill requiring the licensing of mortgage servicers. Under the bill, a person may not act as a mortgage servicer in New
Fannie Mae issued Servicing Guide Announcement SVC-2019-05 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae simplified policy related to escrow
VA issued Circular 26-19-17: Funding Fee Guidance to Lenders and Servicers. Per the Circular, a lender: Must not advise a borrower who believes they are
Fannie Mae issued Servicing Guide Announcement SVC-2019-04 (Announcement), clarifying eligibility and documentation requirements related to partial lien releases. Per the Announcement: An appraisal is now
Mortgage Servicing Quality Control Notable Audit Findings: January – March 2018 In excess of 17,000 mortgage servicing Quality Control reviews were conducted during the first quarter
Fannie Mae issued Servicing Guide Announcement SVC-2018-02 (Announcement), setting forth updates to the Servicing Guide. Fannie Mae updated the Servicing Guide to incorporate industry best
Mortgage Servicing Quality Control Notable Audit Findings: October – December 2017 Over 20,000 mortgage servicing Quality Control audit findings involving of over 1,700 separate and unique
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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