Fannie Mae issued Lender Letter LL-2021-03 to extend temporary verification of employment and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been

Fannie Mae issued Lender Letter LL-2021-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through March 31, 2021. Click

Fannie Mae issued Lender Letter LL-2021-07 to amend COVID-19 payment deferral provisions. Per the Lender Letter, Fannie Mae updated payment deferral eligibility criteria to permit

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