Freddie Mac expanded the automated collateral evaluation (AC) eligibility to include purchase transactions. In Bulletin 2017-8, Freddie Mac introduced ACE provide sellers the option to
The Federal Housing Finance Agency (FHFA) announced the extension of the Home Affordable Refinance Program (HARP). Pursuant to the announcement, FHFA has directed Fannie Mae
Fannie Mae issued Servicing Guide Announcement SVC-2017-07 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, Fannie Mae amended the commitment
Freddie Mac issued Bulletin 2017-12 (Bulletin), announcing revisions to rental income qualification requirements. Per the Bulletin, the revisions include expanded requirements, additional specificity and guidance
VA issued Circular 26-17-21, describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, tornados, and straight-line winds
Maryland amended rules under the Mortgage Originator Law. The amended rules: establish advertising requirements and restrictions; prohibit mortgage loan originators from conducting mortgage lending business
Fannie Mae issued Selling Guide Announcement SEL-2017-06 (Announcement), setting forth updates to the Selling Guide. As outlined in the Announcement, Fannie Mae made substantial changes
Georgia adopted rules establishing servicing standards under the Georgia Residential Mortgage Act (GRMA). The new servicing standards establish requirements with respect to: dual tracking; evaluation
VA issued Circular 26-17-19 (Circular), providing clarification and guidance concerning testing of individual (private) water supply systems for properties subject to VA backed loans. In
Hawaii passed a bill requiring the release of a security instrument evidencing the assignment of the borrower’s interest in leases and rents upon full satisfaction
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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