Freddie Mac issued Bulletin 2020-38 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to the following: Home
FHA issued a partial waiver for eligible Non-Borrowing Spouses impacted by COVID-19. The partial waiver allows an eligible Non-Borrowing Spouse to enter into a deferral
Fannie Mae issued Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans (Letter). Per the Letter, Fannie Mae changed the trigger for automatic reclassification
FHA issued Mortgagee Letter 2020-31, announcing the incorporation of the FHA Defect Taxonomy as an Appendix to the Single Family Housing Policy Handbook. The Defect
VA issued Circular 26-20-33: Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases (Circular). Per the Circular, servicers may offer borrowers (who
VA issued Circular 26-20-34 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by Hurricane Laura. The measures include: the
FHA issued Mortgagee Letter 2020-30 (Letter), announcing underwriting guidelines for borrowers with previous mortgage payment forbearance. The Letter outlines requirements borrowers must meet to request
Fannie Mae amended Lender Letter LL-2020-04 to extend temporary appraisal flexibilities due to COVID-19. The temporary appraisal flexibilities have been extended through September 30, 2020.
Fannie Mae amended Lender Letter LL-2020-03 (Letter) to extend temporary selling policies and flexibilities due to COVID-19. The Letter also updated requirements related to the
Fannie Mae updated the effective date of Lender Letter LL-2020-12: New Adverse Market Refinance Fee (Letter). Per the letter, implementation of the 50 basis point
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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