VA Revises Chapter 7 of Lender’s Handbook (M26-7)
November 21, 2023
VA revised Chapter 7, (Topic 7) of the Lender’s Handbook (M26-7). VA made the following changes: The revisions went into effect July 27, 2023. Click
VA Revises Chapter 4 of Lender’s Handbook (M26-7)
November 21, 2023
VA revised chapter 4 of the Lender’s Handbook (M26-7). Chapter 4 (Topic 7) was revised to clarify that: The revisions are effective for all loan
FHA Extends Partial Waiver of Face-to-Face Interview Requirement for Borrowers in Default
November 16, 2023
FHA extended a partial waiver of the face-to-face interview requirement for borrowers in default. The partial waiver allows lenders and servicers to utilize alternative methods
VA Extends Foreclosure Moratorium for Borrowers Affected by Maui Wildfires
November 16, 2023
VA extended the foreclosure moratorium for borrowers affected by the Maui wildfires. The foreclosure moratorium is extended through May 31, 2024. Click to view the
FHA Updates Maximum Allowable Property Inspection Fees
November 16, 2023
FHA issued Mortgagee Letter 2023-20 updating the maximum allowable property inspection fees for mortgage servicers. Per the Mortgagee Letter, the new maximum allowable property inspection
FHA Updates Sales Comparison Approach for Appraisals of Certain Manufactured Homes
November 3, 2023
FHA issued Mortgagee Letter 2023-18 updating the sales comparison approach for appraisals of certain manufactured homes. Per the Mortgagee Letter, FHA updated the policy exception
FHA Adds Home Equity Conversion Mortgage Sections to Single Family Housing Policy Handbook
November 2, 2023
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1) to add new sections applicable to Home Equity Conversion Mortgages (HECMs).
Freddie Mac Issues Bulletin 2023-22: Selling Updates
November 2, 2023
Freddie Mac issued Bulletin 2023-22 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated: Revisions related to the unacceptable appraisal
Fannie Mae Issues Selling Guide Announcement SEL-2023-10
November 2, 2023
Fannie Mae issued Selling Guide Announcement SEL-2023-10 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to employment offers
Fannie Mae and Freddie Mac Announce New Relief Measures for Loans Impacted by a COVID-19 Forbearance
October 19, 2023
Fannie Mae issued Lender Letter LL-2023-04 and Freddie Mac issued Bulletin 2023-21, announcing new relief measures for a loan impacted by a COVID-19 Forbearance. Per
