Freddie Mac issued Bulletin 2020-31: Selling Updates (Bulletin). The Bulletin announces several revisions and clarifications with respect to evaluation of a borrower’s monthly debt obligations.
Freddie Mac issued Bulletin 2020-32: Adverse Market Refinance Fee (Bulletin). The Bulletin announces a new 50 basis point (0.500%) Market Condition Credit Fee in Price
Fannie Mae issued Lender Letter LL-2020-12: New Adverse Market Refinance Fee (Letter). The Letter announces the implementation of a new 50 basis point (0.500%) loan-level
Fannie Mae issued Lender Letter LL-2020-11: Disaster Payment Deferral (Letter). The Letter introduced Disaster Payment Deferral, a new home retention workout option to assist borrowers
Fannie Mae issued Servicing Guide Announcement SVC-2020-03 (Announcement). Per the Announcement, Fannie Mae eliminated certain requirements for managing insurance loss proceeds that do not appropriately
Freddie Mac issued Bulletin 2020-28: Eligible Disasters and Other Servicing Guidance Related to COVID-19 (Bulletin). Per the Bulletin, the definition of “Eligible Disaster” is expanded
VA issued Circular 26-20-21, suspending property inspection requirements for CARES Act forbearance cases. The temporary suspension only applies to borrowers whose loans are currently in
FHA issued Mortgagee Letter 2020-16 (Letter), announcing temporary endorsement processes for mortgages placed in forbearance due to COVID-19. Mortgages that have been placed in forbearance
Freddie Mac issued Bulletin 2020-20: Selling Updates (Bulletin). The Bulletin announced the addition of a new chapter in the Guide Selling segment, containing property insurance
Fannie Mae issued Selling Guide Announcement SEL-2020-03 (Announcement). Per the Announcement, Fannie Mae updated the Selling Guide to include changes to the following: Lease review
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
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
