Freddie Mac issued Bulletin 2021-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements with respect to: Powers of

Fannie Mae issued Lender Letter LL-2021-05, announcing the retirement of CMT-indexed ARMs. Per the Lender Letter, to be eligible for delivery to Fannie Mae, all

Fannie Mae issued Selling Guide Announcement SEL-2021-01 (Announcement). Per the Announcement, Fannie Mae clarified and removed requirements relating to seasonal and secondary income. Fannie Mae

FHA issued 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

FHA issued a partial waiver of the borrower signature requirement for HECM assignment claims. The partial waiver allows mortgagees to submit a CT-22 Assignment Claim

FHA issued a partial waiver of the maximum arrearage amount for subsequent HECM property charge repayment plans. The partial waiver allows borrowers to repay property

FHA issued Mortgagee Letter 2021-04 to extend the effective date through which a borrower may begin a COVID-19 Forbearance, and to extend HECM deadlines for

FHA issued Mortgagee Letter 2021-02 announcing expanded capabilities in the FHA Catalyst: Single Family Origination Module for collection of the Uniform Closing Dataset (UCD). Beginning

FHA introduced the new FHA Catalyst: Servicing Module. The Servicing Module uses case information retained in the Single Family Origination Module to perform servicing queries.

CFPB Exempts Certain Depository Institutions and Credit Unions from Higher-Priced Mortgage Loan Escrow Account Requirement The CFPB adopted rules adding an exemption to the escrow