VA Issues Circular 26-16-08
March 8, 2016
VA issued Circular 26-16-08 (Circular). This Circular provides guidance on the Department of Veterans Affairs’ minimum property requirements as a result of the emergency declaration
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Fannie Mae Issues Selling Guide Announcement SEL-2016-02
February 24, 2016
Fannie Mae issued Selling Guide Announcement SEL-2016-02 (Announcement). This Announcement: eliminates the continuity of obligation policy; clarifies lender obligations for reporting a breach of a
FHA Issues Mortgagee Letter 2016-05 – Additional Guidance related to Mortgagee Optional Election Assignment for HECMs
February 22, 2016
FHA issued Mortgagee Letter 2016-05 providing additional guidance related to Mortgagee Optional Election (MOE) assignments. This Mortgagee Letter provides mortgagees with instructions on requesting an
Fannie Mae Issues Servicing Guide Announcement SVC-2016-01
February 10, 2016
Fannie Mae issued Servicing Guide Announcement SVC-2016-01 (Announcement). This Announcement: updates Form 629 (Request for Approval of Servicing or Subservicing Transfer); removes the Desktop Originator
RHS Adopts Final Rule Amending Single Family Housing Guaranteed Loan Program
February 9, 2016
RHS adopted a final rule amending the Single Family Housing Guaranteed Loan Program (SFHGLP). The final rule follows publication of the December 9, 2013, interim
Automatic Extensions to HUD’s Initiation of Foreclosure Timeline
February 8, 2016
FHA issued a mortgagee letter regarding automatic extensions to HUD’s initiation of foreclosure timeline. This mortgagee letter provides updated guidance relating to HUD’s regulatory requirement
Single Family Foreclosure Policy and Procedural Changes for HUD Title II Forward Mortgages and Reverse Mortgages
February 8, 2016
FHA issued a mortgagee letter announcing single family foreclosure policy and procedural changes for HUD title II forward mortgages and reverse mortgages. This mortgagee letter
Update of Preservation and Protection Requirements and Cost Reimbursement Procedures for Title II Forward Mortgages and HECMs
February 8, 2016
FHA issued a mortgagee letter updating preservation and protection requirements and cost reimbursement procedures for title II forward mortgages and HECMs. This mortgagee letter: consolidates
Freddie Mac Bulletin | February 2016
February 4, 2016
This Single-Family Seller/Servicer Guide Bulletin: revises certain investor reporting and default management criteria in the Servicer Success Scorecard; requires that all servicers be set up
New York Issues Industry Letter Mandating use of National Average Commitment Rate when Determining Whether a Home Loan Qualifies as “Subprime”
January 29, 2016
The New York Department of Financial Services (Department) issued an industry letter mandating the use of the national average commitment rate when determining whether
