Texas Amends Secondary Mortgage Loan Act Rules
September 8, 2016
Texas adopted rules amending the Secondary Mortgage Loan Act. The adopted rules: require applicants for a lender or broker license to pay a fee for
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Fannie Mae Issues Selling Guide Announcement SEL-2016-07
September 6, 2016
Fannie Mae issued Selling Guide Announcement SEL-2016-07 (Announcement). The Announcement: incorporates references to the impasse, management escalation, and independent dispute resolution processes available to lenders;
FHA Issues Mortgagee Letter 2016-14: Updates to Loss Mitigation Retention Options and Miscellaneous Mortgage Servicing Procedures
September 6, 2016
FHA issued Mortgagee Letter 2016-14. The Mortgagee Letter informs mortgagees of updated procedures for the evaluation and use of FHA’s loss mitigation home retention options,
FHA Issues Mortgagee Letter 2016-13: Extension of Temporary Approval Provisions for the Condominium Project Approval Process
September 6, 2016
FHA issued Mortgagee Letter 2016-13. The Mortgagee Letter extends the temporary condominium project approval policy provisions issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27
FHA Issues Reminder Regarding 90-Day Foreclosure Moratorium for Properties Located in a Presidentially-Declared Major Disaster Area
September 6, 2016
FHA issued a reminder regarding the 90-day foreclosure moratorium for properties located in a presidentially-declared major disaster area. In light of the recent Presidentially-Declared Major
Freddie Mac Extends Expiration Date of Relief Refinance Mortgage Program
August 25, 2016
Freddie Mac extended the expiration date of the Relief Refinance Mortgage program. The new expiration date is September 30, 2017 (rather than December 1, 2016).
Fannie Mae Extends Expiration Date of DU Refi Plus and Refi Plus Programs
August 25, 2016
Fannie Mae extended the expiration date of the DU Refi Plus program and the Refi Plus program. The new expiration date is September 30, 2017
Freddie Mac Announces Redesigned Uniform Residential Loan Application and Corresponding Uniform Loan Application Dataset Mapping Document
August 25, 2016
Freddie Mac announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned
Freddie Mac Issues Guide Bulletin 2016-16
August 25, 2016
Freddie Mac issued Guide Bulletin 2016-16 (Bulletin). This Bulletin: allows PACE (or PACE-like obligations) that result in or provide for first lien priority to be
Freddie Mac Announces Investor Reporting Change Initiative
August 25, 2016
Freddie Mac announced an Investor Reporting Change Initiative (Initiative). The Initiative will convert Freddie Mac’s single-family investor reporting requirements closer to an industry standard and
