Freddie Mac issued Bulletin 2016-21 (Bulletin) updating servicing requirements. The Bulletin: provides lenders and servicers 15 business days to submit required data when settling a
Fannie Mae announced that it will no longer charge a fee to exercise a property inspection waiver (PIW). The process for exercising a PIW offer
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017. The 2017 maximum
Freddie Mac Issued Bulletin 2016-20 (Bulletin) updating the Selling Guide. The Bulletin: establishes property eligibility requirements, and updates underwriting requirements, with respect to loans secured
Fannie Mae issued Reverse Mortgage Servicing Announcement RVS-2016-02 (Announcement). The Announcement updates the Reverse Mortgage Loan Servicing Manual to require a servicer to submit its
Fannie Mae issued Servicing Guide Announcement SVC-2016-10 (Announcement). The Announcement: updates deadlines for submitting expense reimbursement requests; establishes additional property preservation repair descriptions and expense
Fannie Mae recently introduced Desktop Underwriter (DU) Validation, a service that impacts various Quality Control requirements. For lenders that opt-in to the new DU validation
FHA issued Mortgagee Letter 2016-17 announcing an address change for FHA’s National Servicing Center branch, located in Tulsa, Oklahoma. Lenders and servicers must use the
Fannie Mae and Freddie Mac issued an Implementation Guidance and Update (Update) for the upcoming redesigned Uniform Residential Loan Application (URLA). The Update announces a
The Consumer Financial Protection Bureau (CFPB) issued warning letters to 44 mortgage lenders and brokers addressing potential mortgage lending reporting failures. The CFPB identified the
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,
New York passed a bill amending breach of security notification timing requirements. Under the bill, notice of a breach of security must be provided to
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