To identify mortgage origination Quality Control audit exceptions that occur frequently, TENA analyzed the audit results from thousands of Origination QC audits that it completed
The CFPB issued non-binding policy guidance with respect to early compliance with the 2016 Mortgage Servicing Final Rule (Final Rule). Certain provisions of the Final
The CFPB adopted a rule making technical, non-substantive corrections to the 2016 Mortgage Servicing Rule. Under the rule adoption, the CFPB corrected two typographical errors,
Freddie Mac issued Bulletin 2017-9 (Bulletin), announcing updates to Freddie Mac’s servicing requirements. The servicing updates relate to: loss mitigation property valuation requirements; modification requirements
Fannie Mae issued Servicing Guide Announcement SVC-2017-05 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, servicers no longer have the
Fannie Mae issued Reverse Mortgage Servicing Manual Announcement RVS-2017-01 (Announcement), setting forth updates to the Reverse Mortgage Loan Servicing Manual (Manual). In accordance with the
Fannie Mae issued a notice announcing the 2017 income limits for HomeReady loans. Desktop Underwriter (DU) will apply the 2017 limits to new DU loan
VA increased the maximum allowable liquidation appraisal fee in Alaska, Idaho, Utah and Wyoming. These changes are reflected on the VALERI Fee Cost Schedule. The
Mortgage Servicing Quality Control Notable Audit Findings: January – March 2017 Over 25,000 mortgage servicing Quality Control audit findings consisting of over 1,600 separate and
Michigan passed a bill repealing the requirement that a mortgage state the marital status of any male mortgagors. Currently, a written instrument mortgaging real estate
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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