Fannie Mae issued Selling Guide Announcement SEL-2020-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae updated the Selling Guide to

Freddie Mac issued Guide Bulletin 2020-47 to extend temporary verification of employment, appraisal, condominium project and power of attorney flexibilities due to COVID-19. The temporary

Fannie Mae amended Lender Letters LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary flexibilities have been extended through January 31, 2021. Click

Fannie Mae amended Lender Letter LL-2020-03 to extend temporary verification of employment and power of attorney flexibilities due to COVID-19. The temporary flexibilities have been

Freddie Mac issued Bulletin 2020-46: Servicing Updates (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac extended the COVID-19 foreclosure moratorium

Fannie Mae amended Lender Letter LL 2020-02 to extend the suspension of foreclosure-related activities for borrowers impacted by COVID-19. The suspension of foreclosure activities is

Fannie Mae issued Servicing Guide Announcement SVC-2020-07 (Announcement). Per the Announcement, Fannie Mae removed the property-level earthquake insurance requirement for all Puerto Rico properties, and

FHA increased the home equity conversion mortgage (HECM) limits for 2021. The maximum claim amount for FHA-insured HECMs in 2021 will be $822,375 (an increase

FHA announced the forward mortgage loan limits for 2021. The 2021 “floor” and “ceiling” loan limits for a one-unit property are increased to $356,362 and

Freddie Mac issued Bulletin 2020-45 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to Home Possible Mortgages.