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 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 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 To identify frequently occurring mortgage Quality Control audit exceptions, TENA analyzed the findings from tens of thousands of QC
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 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 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 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 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
Connecticut passed a bill delaying the effective date of the Uniform Power of Attorney Act (UPAA). Under the bill, the effective date of the UPAA
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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