Freddie Mac issued Bulletin 2017-17 (Bulletin), announcing the new Enhanced Relief Refinance (ERR) program. The ERR program provides refinance opportunities to borrowers that are making
Illinois passed a bill requiring lenders and servicers licensed under the Residential Mortgage License Act to accept certain arrearage payments offered by a borrower in
Illinois passed a bill extending the sunset date of the additional Foreclosure Prevention Program Fund and Abandoned Residential Property Municipality Relief Fund fee. Currently, a
Freddie Mac issued Bulletin 2017-16 (Bulletin), announcing revisions to selling requirements for mortgage loans secured by properties affected by Hurricane Harvey. Pursuant to the Bulletin,
Fannie Mae issued Selling Guide Announcement SEL-2017-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, lenders must use the new Fannie Mae/Freddie
Fannie Mae issued Lender Letter LL-2017-04, providing additional underwriting flexibility for mortgage loans impacted by Hurricane Harvey. In accordance with the Lender Letter, Fannie Mae
Freddie Mac issued Guide Bulletin 2017-15 (Bulletin), setting forth selling and servicing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, sellers and servicers must
FHA issued Mortgagee Letter 2017-12, setting forth revised initial and annual mortgage insurance premiums (MIP) and principal limit factors for home equity conversion mortgages (HECMs).
FHA issued Mortgagee Letter 2017-13, announcing an extension of the temporary condominium project approval policy requirements issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27,
RHS issued an announcement outlining relief measures loan holders and loan servicers should implement to assist borrowers affected by Hurricane Harvey. The measures include the
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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