FHA: New FHA flood zone requirements take effect from ML 2010-43.

Dec 30 – FHA now requires flood zone determination on all properties. Also prohibits properties in designated coastal barriers. Visit HUD.gov

Dec 29 – HUD posts ML 2010-42. Provides guidance about FHLB AHP Homeownership Set-Aside Grant Program. Visit HUD.gov

Dec 29 – Reminder: December 31 is the enforcement date for the FTC’s Red Flags Rule. Comply now

FNMA: Servicers may no longer directly or indirectly charge attorneys or trustees any technology or electronic invoice submision fees. FNMA will reimburse servicers for these fees up to a certain amount.

FNMA: Updated LLPA Matrix effective for whole loans purchased on or after 4/1/11 and for mortgage loans delivered into MBS with issue dates on or after 4/1/11.

Dec 23 – A Christmas Message from Secretary of Veterans Affairs. Visit VA.gov

Dec 23 – Fannie Mae posts Updated Flow Business Pricing Requirements (SEL-2010-17). Visit eFannieMae.com

Dec 22 – Federal Reserve issues interim rule amending Reg Z to clarify MDIA disclosure requirements. Visit FederalReserve.gov

Dec 20 – Federal Reserve posts annual notice of asset-size exemption for depository institutions under Reg C: $40 million. Visit FederalReserve.gov