RHS established special relief measures for borrowers impacted by natural disasters. In addition to standard workout options, lenders and servicers may offer the special relief
Fannie Mae issued Servicing Guide Announcement SVC-2018-01 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, Fannie Mae: outlined the conditions
Freddie Mac issued Guide Bulletin 2018-2 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. Pursuant to the Bulletin, Freddie Mac updated requirements with
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 Selling Guide Announcement SEL-2018-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, monthly payments due under an IRS income
VA set forth a policy guidance (Guidance) for Interest Rate Reduction Refinance Loans. Under the Guidance, lenders are required to provide the Veteran’s Statement and
FHA issued a waiver regarding early payment default review requirements for properties Impacted by Hurricanes Harvey, Irma and Maria, and California wildfires. FHA currently requires
FHA issued a waiver regarding the timeframe for completing damage inspections in certain counties affected by the California wildfires. FHA currently requires that all properties
RHS revised the area loan limits for California, Colorado, Delaware, Florida, Georgia, Hawaii, Indiana, Iowa, Maryland, Minnesota, Mississippi, Missouri, Montana, Nevada, North Carolina, North Dakota,
VA increased the maximum allowable liquidation appraisal fees for properties located in Arkansas, Louisiana, Oklahoma and Texas. These changes are reflected on the VALERI Fee
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
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