FNMA: Policy changes relating to new reporting requirements in SVC-2011-12 are effective for mortgage insurance notifications of rescissions, denials, and mortgage insurer-initiated cancellations dated on or before 10/1/11.
Archive for the ‘Deadlines’ Category
FNMA: All outstanding repurchase requests relating to mortgage insurance rescissions, mortgage insurer-initiated cancellations, and claim denials received by lenders prior to 4/30/11 must be resolved by lender no later than 9/30/11… SVC 2011-12
HUD: 7/29/11 is last day to obtain new H4H case number. ML 2011-20
HUD Multifamily: “New HUD Survey Instructions, Form HUD-92457A-M, and Report, Form HUD-92457M, will be required submission documents for multifamily housing programs in connection with firm commitments issued on or after September 1, 2011…” ML 2011-21
HUD: EPM documents should be delivered to NSC no later than 10/24/11.
HUD: Lenders with LI authority must complete insuring process on H4H cases in FHA connection on or before 9/30/11.
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2011
HUD: H4H cases submitted under direct endorsement process must be received no later than 9/16/11.
HUD: H4H cases submitted under direct endorsement process must be received no later than 9/16/11.
FHLMC: Effective for conventional mortgages that require appraisal reports and have delivery dates on or after 3/19/12, Freddie Mac is requiring all appraisal photographs to be in color and eliminating acceptability of facsimile copies of appraisal reports. Bulletin 2011-10
FHLMC: Effective for mortgages with settlement dates or appraisals with effective dates on or after 9/1/11, Freddie Mac is updating chapter 44 of Guide to align requirements for reviewing appraisal report and underwriting the property with current appraisal report forms, and to provide additional information related to properties with certain conditions or quality of construction issues. Bulletin 2011-10
FNMA: Effective no later than 7/15/11, all servicers must use Fannie Mae Network Provider to obtain BPO or appraisal, in compliance with applicable state law, to complete evaluation of preforeclosure sale or deed-in-lieu of foreclosure… SVC-2011-06
