Fannie Mae issued Selling Guide Announcement SEL-2023-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated eligibility requirements for cash-out
Fannie Mae revised the Virginia Security Instrument Form (Form 3047). The revision to the Virginia Security Instrument removes the consideration amount and property value information
Fannie Mae corrected the Allowable Foreclosure Attorney Fees Exhibit. The correction to the Allowable Foreclosure Attorney Fees Exhibit corrects the Louisiana judicial foreclosure fee from
Freddie Mac issued Bulletin 2022-2 (Bulletin), announcing the replacement index for Freddie Mac-owned loans indexed to LIBOR that do not contain the replacement index language
Fannie Mae issued a Servicing Notice (Notice), announcing the replacement index for legacy single-family LIBOR ARM loans. Per the Notice, the replacement index for legacy
Freddie Mac issued Bulletin 2023-1 (Bulletin) announcing new credit fees, updated rates for credit fees, and updates related to credits for credit fees. Per the
FHA issued Mortgagee Letter 2023-01, announcing updated instructions for modifying Fannie Mae and Freddie Mac’s (GSE’s) single family mortgage model documents. On July 7, 2021,
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions and additional clarifications to various FHA policies
VA issued Circulars 26-23-03 and 26-23-04 (Circulars), revising Forms 26-1820 (Report and Certification of Loan Disbursement), and discontinuing the use of Forms 26-0503 (Federal Collection
Freddie Mac re-issued Bulletin 2022-22 (Bulletin) announcing changes related to credit fee caps and credits for credit fees. Per the Bulletin, Freddie Mac: Specified that
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
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