Fannie Mae issued a modified Lender Letter LL-2021-10, to update RefiNow requirements related to eligible subordinate financing, borrower’s payment history, and base income documentation. The
RHS announced the expiration of the temporary verification of employment, appraisal and repair inspection provisions implemented on March 27, 2020 due to COVID-19. The temporary
FHA issued Mortgagee Letter 2021-14, extending the implementation date of the April 19, 2021 publication of the Single Family Housing Policy Handbook (Handbook 4000.1). Per
FHA issued Mortgagee Letter 2021-13, modifying the calculation of student loan payments for purposes of determining debt-to-income ratios. Per the Mortgagee Letter, lenders must now
FHA issued Mortgagee Letter 2021-15 to establish the new COVID-19 Advance Loan Modification option, to extend the COVID-19 foreclosure and eviction moratorium, and to expand
Freddie Mac issued Bulletin 2021-23 to extend the COVID-19 foreclosure moratorium through July 31, 202. Per the Bulletin, the foreclosure moratorium does not apply to
Fannie Mae issued Lender Letter LL-2021-02 to extend the COVID-19 foreclosure moratorium until July 31, 2021. Per the Lender Letter, the foreclosure moratorium does not
Freddie Mac issued Bulletin 2021-22 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac announced the replacement index for the Cost
Fannie Mae issued Servicing Guide Announcement SVC-2021-03 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: provided an alternative means of
VA issued Circular 26-21-09 to clarify the continued use of VA Form 26-1802a (HUD/VA Addendum to URLA). Per the Circular, VA will continue to utilize
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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