Freddie Mac Issues Guide Bulletin 2016-12
June 30, 2016
Freddie Mac issued Guide Bulletin 2016-12 (Bulletin). The Bulletin: revises ARM notes and riders to include new language imposing a lifetime floor equal to the
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Fannie Mae Issues Selling Guide Announcement SEL-2016-05
June 30, 2016
Fannie Mae issued Selling Guide Announcement SEL-2016-05 (Announcement). The Announcement: updates the Selling Guide to simplify the way income limits are applied for HomeReady; updates
HUD Issues Mortgagee Letter 2016-09
June 24, 2016
HUD issued Mortgagee Letter 2016-09. The Mortgagee Letter announces changes to the delivery methods by which HUD will provide mortgagees with Advice of Payment and
Freddie Mac Issues Guide Bulletin 2016-11
June 16, 2016
Freddie Mac issued Guide Bulletin 2016-11 (Bulletin). The Bulletin updates requirements related to Home Possible mortgages (including Home Possible Advantage mortgages). The updated requirements: prohibit
TENA’s Analysis of Servicing Audit Findings
June 16, 2016
TENA’s Analysis of Servicing Audit Findings To identify frequently occurring mortgage Quality Control audit exceptions, TENA analyzed the findings from tens of thousands of QC
South Carolina Enacts Uniform Power of Attorney Act
June 16, 2016
South Carolina passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of
Fannie Mae Issues Servicing Guide Announcement SVC-2016-05
June 9, 2016
Fannie Mae issued Servicing Guide Announcement SVC-2016-05 (Announcement). This Announcement updates the Servicing Guide with respect to: retirement of delinquency counseling requirements for community lending
Fannie Mae Issues Lender Letter LL-2016-03
June 9, 2016
Fannie Mae issued Lender Letter LL-2016-03. Under the Lender Letter, the mandatory effective date for lender-placed insurance (LPI) deductibles for servicers that use American Modern
Freddie Mac Issues Guide Bulletin 2016-10
June 9, 2016
Freddie Mac issued Guide Bulletin 2016-10 (Bulletin). Under the Bulletin, requirements related to the expiration of HAMP are updated. The Bulletin also extends the mandatory
Maryland Reduces License Investigation Fees and Foreclosure Mediation Fees
June 2, 2016
Maryland adopted rules reducing the investigation fee required for licensing and the fee for participating in pre-file foreclosure mediation. Under the adopted rules, a mortgage
