FHA issued Mortgagee Letter 2017-06, updating the servicing section of the Single Family Housing Policy Handbook with respect to Property Assessed Clean Energy (PACE) obligations.
FHA issued Mortgagee Letter 2017-05, consolidating and updating policy regarding the submission of Home Equity Conversion Mortgage (HECM) Claim Type 22 assignment requests. The Mortgagee
VA issued Circular 26-17-01, requiring lenders to electronically submit prior approval loan packages. Currently, lenders mail prior approval loan packages to the applicable VA Regional
To identify frequently occurring mortgage Quality Control audit exceptions, TENA analyzed the findings from thousands of Production QC audits it completed during the third quarter
FHA issued Mortgagee Letter 2017-01, reducing the annual mortgage insurance premium (MIP) rates for most Title II forward mortgages. Under the Mortgagee Letter, the new
FHA revised several forms that support FHA’s pre-foreclosure sale policy. The revised forms are: Form HUD-90035, Information Sheet, Pre-foreclosure Sale Procedure; Form HUD-90041, Request for
VA extended the rescission date of Circular 26-14-35. The rescission date of Circular 26-14-35 has been extended to January 1, 2018. Click here to view
The Ohio Housing Finance Agency adopted forms for lenders and servicers participating in the D.O.L.L.A.R. deed program. The forms include: an application to participate in
New York adopted rules implementing recently enacted requirements for vacant and abandoned residential property. Under the adopted rules, mortgage lenders and servicers have until February
To identify frequently occurring mortgage servicing quality control audit findings, TENA analyzed over 29,000 findings identified in thousands of QC audits it completed during the
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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