- HUD posts new minimum credit scores and LTV ratio requirements for FHA loans. Effective 10/4/10. read more (posted: Friday Sep 3, 2010)
- Read our September Compliance Update and register for our upcoming GFE webinar. read more (posted: Thursday Sep 2, 2010)
- HUD officially raises annual FHA premium and lowers upfront premium, except for HECM. read more (posted: Wednesday Sep 1, 2010)
- Fannie Mae servicers must assign delinquent Florida mortgages to a FNMA attorney for mediation. read more (posted: Tuesday Aug 31, 2010)
- Fannie Mae posts SVC-2010-12: Foreclosure Time Frames and Compensatory Fees for Breach of Servicing Obligations. read more (posted: Tuesday Aug 31, 2010)
- Freddie Mac posts bulletin providing guidance about Property Assessed Clean Energy (PACE) program. read more (posted: Tuesday Aug 31, 2010)
- Fannie Mae announces new requirements for lenders regarding borrowers who got PACE loans before 7/6/10. read more (posted: Tuesday Aug 31, 2010)
- HUD posts ML10-27 for Multifamily mortgagees. Renews policy for eligibility of projects where construction has started. read more (posted: Monday Aug 30, 2010)
- Join our next free webinar “Revisiting the GFE: How to Resolve Common Findings” Sept 23 at 12:00 pm MDT. register here (posted: Thursday Aug 26, 2010)
- Read all 12 QC questions and answers from our webinar. read more (posted: Wednesday Aug 25, 2010)
Resources
Past MCA Newsletters | HUD/FHA | Fannie Mae | Freddie Mac | VA |FTC
Back to Resources
Past Webinars
February 2010 Webinar: “Making Sense of the New GFE”
March 2010 Webinar: “Continuing to Make Sense of the New GFE: A More in Depth Look”
April 2010 Webinar: “Managing Your Early Payment Default Risk”
May 2010 Webinar: “Red Flags of Fraud”
June 2010 Webinar: “Common Compliance Findings and How to Prevent Them”
July 2010 Webinar: “Understanding How The LQI Affects You”
August 2010 Webinar: “We have a QC Plan… Now what?”
Past Newsletters: MCA Monthly Compliance Update
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- April 2009
HUD/FHA
HUD Mortgagee Letters http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm
- ML 2010-29: Minimum Credit Scores and Loan-to-Value Ratios
- Introduces new minimum credit scores and LTV ratio requirements for FHA loans. Effective for case numbers assigned on or after October 4, 2010.
- L 2010-28: Changes to FHA Mortgage Insurance Premiums
- Raises annual FHA premium and lowers upfront premium, except for HECMs. Effective for case numbers assigned on or after October 4, 2010.
- ML 2010-27: Renewal of Special Authority for Eligibility of Projects for Mortgage Insurance where Construction has Started…
- For Multifamily Mortgagees: Renews policy for eligibility of projects where construction has started.
- ML 2010-26: Further Policy Guidance to Defer Submission of Final Architectural Plans and Specifications Introduced by Mortgagee Letter 2008-19…
- For Multifamily Mortgagees: Provides guidance on ML 08-19 regarding deferring submission of final architectural plans…
- ML 2010-25: Processing Instructions for Refinancing Cooperative Housing Projects under Section 207 pursuant to Section 223(f)
- Provides processing instructions and guidance to issue Mortgage Insurance for refinancing Cooperative Housing Projects under Section 207 pursuant to Section 223 (f) of the National Housing Act.
- ML 2010-24: Combined Loan-to-Value Requirements for Refinance Transactions
- Eliminates unlimited CLTV ratio and returns FHA to its former CLTV limit for case numbers assigned on or after September 7, 2010.
- ML 2010-23: FHA Refinance of Borrowers in Negative Equity Positions
- Provides guidance regarding enhancements to FHA’s refinance program for underwater borrowers.
- ML 10-22: Home Equity Conversion Mortgage (HECM) Program Submission of Case Binder Documents
- Announces a new “Home Equity Conversion Mortgage Required Documents for Endorsement” list. Effective date for use is October 4, 2010.
- ML 10-21: HUD Multifamily Risk Mitigation
- Revises underwriting policies for FHA Multifamily programs.
- ML 10-20: Implementation of Final Rule FR 5356-F-02…
- Provides overview of key provisions and guidance on implementation of Final Rule.
- ML 10-19: Streamline Refinance Transactions and FHA TOTAL Scorecard
- Announces that lenders may score streamline refis through TOTAL and process, underwrite as streamline refi.
- ML 10-18: Update of Property and Preservation (P&P) Requirements and Cost Reimbursement Procedures
- Updates consolidated property and preservation (P&P) guidance for foreclosed properties that had been secured by FHA-insured mortgages.
- ML 10-17: Updated HUD REO Lead-Based Paint Appraisal Reporting Requirements
- Announces that HUD “will only order a lead-based paint evaluation for HUD REO properties constructed before 1978, and purchased with FHA-insured financing.” Effective date June 1, 2010.
- ML 10-16: Introduction of the M&M III Mortgagee Compliance Manager (MCM) and the P260 Internet Portal
- Describes FHA’s centralizing of mortgagee compliance under one contractor.
- ML 10-15: FHA Case Number and FHA Roster Appraiser Assignments
- Provides guidance on ordering FHA case numbers and selecting FHA Roster appraisers.
- ML 10-14: Electronic Signatures on Third Party Documents
- FHA will accept electronic signatures on third party documents.
- ML 10-13: Appraisal Update and/or Completion Report (Fannie Mae Form 1004D/Freddie Mac Form 442/March 2005)
- Provides additional guidance on Appraisal Update Report.
- ML 10-12: Use of pay.gov for Lender Approval Application Fees
- Announces that those applying to become FHA lenders must submit application fees online.
- ML 10-11: Availability of Treasury Success Payments for FHA-HAMP Modifications
- Under certain conditions, servicers are eligible for Success Payments for FHA-HAMP mortgages.
- ML 10-10: Revision to Criterion 4 of the Form HUD 92264-A, “Supplement to Project Analysis”
- Revises Form HUD 92264-A, “Supplement to Project Analysis.” It changes line “c” of Criterion 4 from “Site not Attributable to Dwelling Use” to “Warranted Price of Land.”
- ML 10-09: Tier Ranking Scores – Incentive Round 38
- Announces FHA servicing lenders’ Tier Ranking Scores for Round 38.
- ML 10-08: HUD REO Appraisal Validity Period and Second Appraisals
- Announces that effective 4/1/10, HUD REO appraisals will be valid for 120 days. Also announces conditions for ordering second appraisal.
- ML 10-07: Revisions to Model Home Equity Conversion Mortgage (HECM) Loan Agreement (Loan Agreement) and Fannie Mae Form 1009, Residential Application for Reverse Mortgages (Fannie Mae Form 1009)
- Revises model HECM Loan Agreement (and exhibits) and Fannie Mae form 1009. Effective 8/1/10.
- ML 10-06: Extension of Mortgagee Letter 2009-22 Revised Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the Three-Year Rule for Section 223(f)
- Extends deadline for temporary authority from ML 2009-22 to 2/17/2011.
- ML 10-05: Announcement of the FHA Nonprofit Data Management System
- FHA announces newly developed Nonprofit Data Management System (NPDMS).
- ML 10-04: Loss Mitigation for Imminent Default
- Provides guidance on how to assist borrowers facing imminent default. “At this time FHA is limiting the loss mitigation options that may be used…to forbearance and FHA-HAMP.”
- ML 10-03: Mortgagee Approval for Single Family Programs – Extended Procedures for Terminating Underwriting Authority
- Extends FHA’s authority to terminate DE underwriting authority in areas where the lender has a high rate of early defaults and claims.
- ML 10-02: Increase in Upfront Premiums for FHA Mortgage Insurance
- Increases mortgage insurance premium to 2.25%. Effective for case numbers assigned on or after April 5, 2010.
- ML 10-01: Extension of Authority for Processing Pre-application Firm Invitation and Firm Commitment Extension Requests
- Extension of authority from ML 09-20 (processing pre-application extension requests).
HUD Housing Handbooks
HUD Forms
Neighborhood Watch: Early Warning System (Check your compare ratio of defaults, etc.)
HUD Single Family Events and Training (many are free)
FHA Final Rule regarding strengthening risk management
Fannie Mae
Loan Quality Initiative (LQI) https://www.efanniemae.com/sf/lqi/index.jsp
2010 Fannie Mae Lender Announcements and Letters https://www.efanniemae.com/sf/guides/ssg/2010annlenltr.jsp
- SVC-2010-13: Mandatory Pre-filing Mediation Policy for Mortgage Loans in Florida
- Announces that servicers must assign delinquent Florida mortgages to a FNMA attorney for mediation before initiating foreclosure proceedings.
- SVC-2010-12: Foreclosure Time Frames and Compensatory Fees for Breach of Servicing Obligations
- Revises foreclosure time frames for FL, MD, NV, and NY. Fannie Mae also reserves right to impose compensatory fees for breach of servicing obligations.
- SEL-2010-12: Options for Borrowers with a PACE Loan
- Announces new requirements for lenders regarding borrowers who got PACE loans before July 6, 2010.
- SVC-2010-11: Unique Hardships
- Identifies “Unique Hardships” that warrant use of relief provisions for borrowers impacted by unusual circumstances that create financial hardship.
- SEL-2010-11: Undisclosed Liabilities and Re-underwriting Requirements
- Updates requirements for undisclosed liabilities and re-underwriting. (Also clarifies that lender is not required to obtain a new credit report to verify additional debt.)
- SEL-2010-10: Selling Guide Updates
- Updates the Selling Guide regarding the following topics:
- Mortgage loans secured by properties subject to unexpired redemption periods
- Delivery of repurchased loans
- General warranty of project eligibility
- Seasoned mortgage loan requirements
- Co-op share loan documentation
- Termination of inactive document custodians
- Title Insurance ALTA Endorsement 21-06
- Miscellaneous Selling Guide updates
- Updates the Selling Guide regarding the following topics:
- SVC-2010-10: Miscellaneous Servicing Policy Changes
- Describes updates, clarifications and reminders to several servicing policies, including retirement of HomeSaver Advance, etc.
- SVC-2010-09: Reporting and Validation of Mortgage Insurance Coverage
- On or before October 1, 2010, seller/servicers must instruct mortgage insurers (in writing) to provide Fannie Mae with information concerning its loans.
- Notice, dated 7/27/10: Area Median Incomes 2010
- Announces that Area Median Incomes (AMIs) will be available on Fannie Mae’s website no later than August 23, 2010.
- Lenders must use AMIs from efanniemae.com to determine borrower eligibility for MyCommunityMortgage (MCM) loans.
- SEL-2010-09: Selling Guide Updates and Additional Guidance on Appraisal-Related Policies
- Describes the following:
- Appraisal-related policies that update the Selling Guide
- Inclusion of interior photographs in the appraisal report
- Lender changes to the appraised value and guidance on addressing appraisal deficiencies
- Appraiser selection criteria
- Sources of comparable market data
- Selection of comparable sales
- Communication under the HVCC
- Seller concessions
- Treatment of personal property
- Market Conditions Addendum to the Appraisal Report (Form 1004MC)
- Miscellaneous appraisal-related guidance (no impact on the Selling Guide)
- Miscellaneous Selling Guide updates
- Updates to Special Feature Codes
- Updates to Mortgage Insurance Codes
- Appraisal-related policies that update the Selling Guide
- Describes the following:
- SVC-2010-08: Updates to the Requirements for Evaluating Borrowers for Fannie Mae’s Standard Mortgage Modification
- “ Effective for all standard Fannie Mae mortgage loan modification solicitation offers on or after July 15, 2010, servicers must verify income, liabilities, and monthly expenses for all borrowers prior to granting a permanent standard Fannie Mae mortgage modification.”
- SEL-2010-08: Underwriting Borrowers with a Prior Foreclosure
- Removes 5 year option for borrowers with prior foreclosure, so that all borrowers must meet 7 year waiting period. Also updates eligibility requirements for borrowers with extenuating circumstances.
- LL-2010-08: Selling Loans during Lapse of National Flood Insurance Program Authority
- Under certain conditions, Fannie Mae will purchase mortgage loans secured by properties located in Special Flood Hazard Areas that do not have an active flood insurance policy.
- Notice, dated 6/14/10: Extension of HOPE NOW Alliance Borrower Counseling Reimbursement
- Servicers may request reimbursement for HOPE NOW Alliance counseled cases that were initiated on and after 7/1/10 through 6/30/11.
- LL-2010-07: Extension to Fannie Mae’s Alternative Modification to the Home Affordable Modification Program
- Extends eligibility timeline in LL-2010-04 and clarifies certain requirements for participation in Alt Mod program.
- SVC-2010-07: Introduction of Fannie Mae’s Home Affordable Foreclosure Alternatives Program
- Introduces Home Affordable Foreclosure Alternatives Program, which simplifies use of short sales and DIL options.
- SEL-2010-07: Selling Guide Updates
- Updates mortgage insurance clarifications, Community Seconds eligibility, title exceptions, etc.
- Notice, dated 5/24/10: 2010 Servicing Guide Part VIII — Updated Reference to Foreclosure Time Frames
- Modifies reference to foreclosure time frames in previous announcement.
- LL-2010-06: Property Assessed Clean Energy Loans
- Property Assessed Clean Energy (PACE) loans “generally have automatic first lien priority over previously recorded mortgages. The terms of the Fannie Mae/Freddie Mac Uniform Security Instruments prohibit loans that have senior lien status to a mortgage…”
- SEL-2010-06: Selling Guide Updates
- Updates Selling Guide for ARM qualifying rate, interest-only eligibility requirements, etc.
- SVC-2010-06: April 2010 Servicing Guide Update…
- Updates two sections of the Servicing Guide: Part VII “Delinquency Management…” and Part VIII “Foreclosures…”
- SEL-2010-05: Underwriting Borrowers with a Prior Preforeclosure Sale or Deed-in-Lieu of Foreclosure
- Adjusts underwriting criteria for borrowers who have experienced a “preforeclosure event.” Reduces waiting period.
- LL-2010-05: Selling Loans during Lapse of National Flood Insurance Program Authority
- During lapse of NFIP, Fannie Mae will purchase loans in Special Flood Hazard Areas without flood insurance, under certain conditions.
- SVC-2010-05: Miscellaneous Servicing Policy Changes
- Makes various updates and clarifications to several servicing policies.
- SEL-2010-04: Selling Guide Updates
- Makes a variety of updates to Selling Guide.
- SEL-2010-03: Selling Guide Updates for Lender Quality Control Standards
- Revises Selling Guide to update QC standards.
- LL-2010-04: Fannie Mae’s Alternative Modification to the Home Affordable Modification Program
- Introduces “Alt Mod”—an alternative to HAMP modification for borrowers who were accepted into HAMP trial period but were not eligible for a HAMP permanent modification.
- SVC-2010-04: Reclassified MBS Mortgage Loans
- Reclassifies HAMP Program MBS Mortgage loans, expedites reimbursements of servicer advances, etc.
- Notice, dated 3/2/10: Extension of the Home Affordable Refinance Program
- FHFA extends HARP to 6/30/11.
- SEL-2010-02: Selling Guide Updates
- Announces that Selling Guide has been updated to incorporate several miscellaneous clarifications or omissions.
- SEL-2010-01: Selling Guide Updates for the Loan Quality Initiative
- Describes some changes impacting Selling Guide as result of Loan Quality Initiative (LQI). Many changes effective 6/1/10.
- LL-2010-03: An Introduction to Fannie Mae’s Loan Quality Initiative
- Introduces Loan Quality Initiative–Several policy changes to be announced over next few months.
- LL-2010-02: New Fannie Mae-Approved Mortgage Insurers
- Announces four new mortgage insurers.
- SVC-2010-03: Home Affordable Modification Program – Program Update and Resolution of Active Trial Modifications
- Amends key features of HAMP, such as requiring full verification of borrower eligibility prior to offering trial period plan.
- SVC-2010-02: Update to Imminent Default Guidance for Mortgage Loans Evaluated for the Home Affordable Modification Program
- Introduces Imminent Default Indicator, requires use of verified income documentation before entering borrower in trial period plan, etc.
- SVC-2010-01: Trial Balance Reconciliation Requirements for Reverse Mortgage Loans
- Updates reporting and reconciliation requirements for reverse mortgages. Also sets fines for non-compliance of reporting.
- LL-2010-01: Special Approval Designation for Established Florida Condominium Projects
- Implements a new “Special Approval” designation for condo projects in Florida.
View 2009 Fannie Mae Lender Announcements and Letters
Fannie Mae Selling & Servicing Guide Forms
Freddie Mac
Freddie Mac Resources for Sellers/Services (including news and Seller/Servicer Guide) http://www.freddiemac.com/singlefamily/
Freddie Mac Single-Family Seller/Servicer Guide Bulletins and Industry Letters http://www.freddiemac.com/sell/guide/bulletins/
2010
- Bulletin 2010-20: Mortgages Secured by Properties with an Outstanding Property Assessed Clean Energy (PACE) Obligation
- Provides guidance regarding Freddie Mac’s purchase of mortgages with a Property Assessed Clean Energy (PACE) obligation.
- Bulletin 2010-19: Selling
- Makes changes to selling requirements, including providing guidance on 2010 median income changes, revising underwriting requirements regarding inquiries on borrower’s credit report, etc.
- Bulletin 2010-18: Special Characteristics Codes and Other Codes Mapped to MISMO Data Points
- Announces Freddie Mac’s reduction of dependence on Special Characteristics Codes (SCCs) and other delivery codes, as part of MISMO transition.
- Bulletin 2010-17: Comprehensive Guide Chapter C65 Update and New Requirements for the Home Affordable Modification Program (HAMP)
- Updates Guide and adds new HAMP requirements.
- Bulletin 2010-16: Selling and Servicing
- Provides guidance for sellers about Florida Condominium Effort
- Introduces new requirements for servicers about short sales, HAFA EDR codes, and payment of non-performing loans invoices
- Bulletin 2010-15: Freddie Mac Implementation Guide for Loan Delivery Data Published
- Announces publication of Freddie Mac Implementation Guide for Loan Delivery Data. Requirements effective for all loans delivered to Freddie Mac on or after 9/1/11.
- Industry Letter, dated June 25, 2010: Problem Drywall
- Provides guidance and forbearance options for problem drywall.
- Bulletin 2010-14: Amendment to Freddie Mac’s HAMP Backup Modification Requirements
- Revises certain eligibility, solicitation and reporting requirements for HAMP Backup Modifications. Also revises settlement timeline…
- Bulletin 2010-13: Selling Changes
- Amends Guide related to PUDs, Relief Refinance Mortgages, interested party contributions.
- Bulletin 2010-12: Home Affordable Foreclosure Alternatives
- Announces Freddie Mac’s requirements for the Treasury’s Home Affordable Foreclosure Alternatives (HAFA) initiative. Effective 8/1/10.
- Bulletin 2010-11: Freddie Mac HAMP Backup Modification
- Announces changes for HAMP Backup Modification, Cap-to-Reinstate modification, and HAMP requirements to permit use of a Servicer’s proprietary form to collect borrower’s financial information…
- Industry Letter, dated 5/5/10: First Lien Mortgages and Energy Efficient Loans
- Reminds “Seller/Servicers that an energy-related lien may not be senior to any Mortgage delivered to Freddie Mac. Seller/Servicers should determine whether a state or locality in which they originate mortgages has an energy loan program, and whether a first priority lien is permitted…”
- Bulletin 2010-10: Servicing
- Announces new Reimbursement System for submitting expense reimbursement requests.
- Bulletin 2010-9: Selling and Servicing
- Amends both selling and servicing requirements, such as max LTV for Rural Housing, revised requirements for Servicing Released Sales Process (effective 5/1/10), etc.
- Bulletin 2010-8: Florida Condominium Projects
- Announces Florida Condominium Effort to increase the availability of financing for Florida condos.
- Bulletin 2010-7: Credit and Property Eligibility
- Revises certain credit and property eligibility requirements.
- Bulletin 2010-6: Freddie Mac Relief Refinance Mortgage Offering Extended
- Extension of Relief Refinance Mortgages—must have Note Dates on or before June 30, 2011.
- Bulletin 2010-5: Selling and Servicing
- Announces enhancing Loan Prospector to provide a point value estimate from HVE for a property address.
- Bulletin 2010-4: Multiple Subjects
- Covers multiple topics, including requiring Sellers to take out separate fixed-rate Cash contracts for Relief Refis with higher LTVs (effective 2/22/10).
- Bulletin 2010-3: Home Affordable Modification Program
- Provides guidance on HAMP, including new requirement for full verification of borrower eligibility after servicer receives “Initial Package.”
- Bulletin 2010-2: FHA-Approved Project Review for Condominiums
- Revises Guide so that Sellers may only use FHA Condominium approval to determine eligibility for sale to Freddie Mac for certain mortgage types.
- Bulletin 2010-1: Home Affordable Modification Program
- Announces changes to HAMP, mandates use of newly introduced Imminent Default Indicator (effective March 1, 2010), revises imminent default requirements, etc.
View 2009 Freddie Mac Bulletins
Freddie Mac Forms and Electronic Documents
VA (Department of Veterans Affairs)
New VA Circulars http://www.homeloans.va.gov/new.htm
2010
- Circular 26-10-9 – Change 1: Itemization of Credits and Title Service Charges
- Breakout of charges should be attached to the HUD-1, not on the HUD-1 itself.
- Circular 26-10-9: Itemization of Credits and Title Service Charges
- Effective for loan applications taken on or after October 1, 2010, lenders must include an itemization of credits and title service charges.
- Circular 26-10-4 – Change 1: Title Documentation in Florida
- (For Florida) Amends info concerning fixed period of liability preceding acquisition of title in a foreclosure for HOA dues and assessments on a condo.
- Circular 26-08-5 – Change 2: Expansion of the Types of Ownership Interests Permissible Under the Specially Adapted Housing (SAH) Grant Program
- Extends rescission date of Cir. 26-08-5 from 1/1/10 to 1/1/12.
- Circular 26-10-8: Relief for Veteran Homeowners Affected by the Gulf Oil Crisis
- Describes measures VA urges mortgage servicers to employ in providing relief to distressed borrowers affected by Gulf Oil Crisis.
- Circular 26-10-7: Forbearance For Homeowners With Problem Drywall
- Requests that servicers extend forbearance for at least 6 months for homeowners with problem drywall.
- Circular 26-10-6: Revised VA Making Home Affordable Program
- Provides authority and revised instructions for modifying VA loans in accordance with Making Home Affordable program. Effective immediately.
- Circular 26-09-19 – Change 1: Rescission of VA Acceptance of HUD/FHA Condominium Approvals
- VA can accept HUD/FHA/USDA condo approvals if project approval was dated prior to 12/7/09, but not after…
- Circular 26-08-8 – Change 1: Loan Modifications Under VALERI
- Extends rescission date of Circular 26-08-8 to 10/1/11.
- Circular 26-08-14 – Change 1: VA Acceptance of Homebuyer Assistance Programs
- Extends rescission date of Circular 26-08-14 to 1/1/12.
- Circular 26-10-4: Title Documentation in Florida
- Provides guidance on submission of title documents to VA’s property management contractor (for Florida properties).
- Circular 26-10-2 – Change 1: VA Making Home Affordable Program
- Adds contact information for veterans to Circular 26-10-2.
- Circular 26-08-4 – Change 1: Temporary Reduction in the Validity Period on VA Notices of Value and Master Certificates of Reasonable Value for Proposed Construction Cases
- Extends rescission date of Circular 26-08-4 to 1/1/12. Stations can continue to issue VA Notices of Value or Master Certificates of Reasonable Value within the 6-month validity period.
- Circular 26-08-3, Change 1: Processing Transfers of Ownership Under VALERI
- Extends rescission date of Circular 26-08-3 (Processing Transfers of Ownership Under VALERI) from 1/1/10 to 1/1/12.
- Circular 26-09-17, Change 1: Interim Process for Pre-Approval of Loan Modifications on Current Loans
- Extends rescission date of Circular 26-09-17 (Interim Process for Pre-Approval of Loan Modifications on Current Loans) from 2/1/12 to 2/1/14.
- Circular 26-10-02: VA Making Home Affordable Program
- Provides instructions for modifying VA loans in accordance with the Making Home Affordable (MHA) program. Effective 2/1/10.
- Circular 26-10-1: Impact of New Real Estate Settlement and Procedures Act (RESPA) Rule on Fees and Charges for Department of Veterans Affairs (VA) Loans
- Provides guidance on fees and charges, in response to new RESPA rule. Also announces new documentation requirements and elimination of a previously required disclosure statement.
VA Lender’s Handbook, circulars, etc.
Federal Trade Commission
FTC News Releases
Red Flag extension moved to December 31, 2010
More in-depth information about Red Flags Rule
