VA Issues Circular 26-20-20: Index for ARM Products
VA issued Circular 26-20-20: Index for ARM Products (Circular). The Circular reminds lenders of VA regulations establishing the Constant Maturity Treasury (CMT) rate as the
VA issued Circular 26-20-20: Index for ARM Products (Circular). The Circular reminds lenders of VA regulations establishing the Constant Maturity Treasury (CMT) rate as the
FHA issued Mortgagee Letter 2020-07 (Letter), authorizing electronic transmission of Single Family Forward and HECM case binders for mortgage endorsement (utilizing FHA Catalyst, a new
FHA issued Mortgagee Letter 2020-08 (Letter), announcing a new supplemental claim submission method utilizing FHA Catalyst (a new web-based platform). The FHA Catalyst platform is
USDA Rural Development issued a stakeholder announcement (Announcement) implementing immediate measures to help rural residents, businesses and communities affected by COVID-19. The relief measures affect
Freddie Mac issued Bulletin 2020-6: Servicing Updates (Bulletin), introducing the Freddie Mac Payment Deferral loss mitigation solution. Payment Deferral is a new loss mitigation solution
Freddie Mac issued Bulletin 2020-7: Servicing Requirements and Relief Related to COVID-19 (Bulletin). The Bulletin sets forth changes to EDR (Electronic Default Reporting) requirements, establishes
Fannie Mae Issued Lender Letter LL-2020-04: Impact of COVID-19 on Appraisals (Letter). Per the Letter, Fannie Mae will allow exterior-only and desktop appraisals in-lieu of
Fannie Mae issued Lender Letter LL-2020-05: Payment Deferral (Letter). The Letter introduces payment deferral, a new home retention workout option for borrowers who have resolved
Freddie Mac issued Bulletin 2020-5: Selling Guidance Related to COVID-19 (Bulletin). The Bulletin sets forth temporary guidance related to credit underwriting and property valuation requirements,
Fannie Mae issued Lender letter LL-2020-03: Impact of COVID-19 on Originations (Letter). The Letter sets forth temporary policy flexibilities with respect to: verbal verification of
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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