News & Resources

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  • Apr. 18 - Read MCA's latest newsletter edition here. (posted: Friday Apr 18, 2014)
  • Apr. 15 - Register now for our upcoming webinar, How To Comply: 2014 QC Plan Requirements. (posted: Tuesday Apr 15, 2014)
  • Mar. 31 - Access Our Exclusive White Paper On The Qualified Mortgage Rule and Ability-To-Repay Requirement. MCA.com (posted: Monday Mar 31, 2014)
  • Mar. 10 - Read this month's MCA newsletter for the latest in mortgage compliance news and updates. MCA.com (posted: Monday Mar 10, 2014)
  • Mar. 3 - Follow MCA on Twitter for the latest mortgage compliance updates and tips. (posted: Monday Mar 3, 2014)
  • Feb. 18 - We're Here At The MBA Servicing Conference & Expo - Are You? Visit Us At Booth 921 For Information On Our Products And Services. See You! (posted: Tuesday Feb 18, 2014)
  • Feb. 14 - MCA Will Be At MBA's National Mortgage Servicing Conference & Expo February 18-21 - Come Visit Us At Hyatt Regency Orlando Booth 921! (posted: Friday Feb 14, 2014)
  • Feb. 11 - Only 2 More Days To Register For Our Free Series Compliance Webinar. Don't Miss Out - Register Now! (posted: Tuesday Feb 11, 2014)
  • Feb. 11 - Read This Month's MCA Newsletter For The Latest Mortgage Compliance Tips And Updates. MCA.com (posted: Tuesday Feb 11, 2014)
  • Feb. 5 - MCA Will Be At MBA's National Mortgage Servicing Conference & Expo February 18-21 - Come Visit Us At Hyatt Regency Orlando Booth 921! (posted: Wednesday Feb 5, 2014)

Resources

MCA Newsletters | HUD/FHA | Fannie Mae | Freddie Mac | VA | Federal Reserve | FTC

Webinars

View 2014 MCA Webinars

View 2013 MCA Webinars

View 2012 MCA Webinars

View 2011 MCA Webinars

View 2010 MCA Webinars

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Newsletters: MCA Monthly Compliance Update

Our free monthly newsletter, the MCA Monthly Compliance Update, includes compliance updates and notifications of upcoming webinars.

2014 Newsletters -

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HUD/FHA

HUD Mortgagee Letters http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/index.cfm

Mortgagee Letter 2014-03: Electronic Signatures

  • FHA will accept electronic signatures on documents requiring for mortgage insurance, servicing and loss mitigation, and insurance claim documentation.

Mortgagee Letter 2014-02: Revised Manual Underwriting Requirements

  • This ML provides policy guidance for revised manual underwriting requirements.

Mortgagee Letter 2014-01: “Save Your Home: Tips To Avoid Foreclosure” – Brochure For Delinquent Mortgagors

  • Notifies mortgagees that HUD-PA-426, “How To Avoid Foreclosure”, brochure has been replaced.

View 2013 Mortgagee Letters

View 2012 Mortgagee Letters

View 2011 Mortgagee Letters

View 2010 Mortgagee Letters

View 2009 Mortgagee Letters

HUD Housing Handbooks

HUD Forms

RESPA information, FAQs, etc.

FHA Connection

HUD Press Releases

Neighborhood Watch: Early Warning System (Check your compare ratio of defaults, etc.)

HUD Single Family Events and Training (many are free)

HUD Webcast Schedule

FHA Final Rule regarding strengthening risk management

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Fannie Mae

Announcement SVC-2014-05: Fannie Mae Standard Modification and Streamlined Modification Updates

  • Fannie Mae updates the modification terms for mortgage loan with pre-modified mark-to-market LTV ratios less than 80%.

Servicing Notice: Updates to Allowable Attorney Foreclosure Fees

  • The Allowable Attorney and Trustee Foreclosure Fees exhibit on Fannie Mae’s website is updated to reflect changes in the maximum allowable foreclosure attorney fees for properties in the state of New York.

Servicing Notice: Late or Inaccurate Mortgage Loan Reporting

  • Effective May 1, 2014, Fannie Mae will begin issuing warning letters and assessing compensatory fees for late and inaccurate reporting.

Announcement SVC-2014-04: Miscellaneous Servicing Policy Updates

  • Fannie Mae clarifies and updates policies regarding individual mortgage loan files, servicing quality control reviews, final requests for reimbursement, attorney expenses, and transfer of variances and waivers.

Servicing Notice: Fannie Mae Standard Modification Rate Adjustment Frequency

  • Fannie Mae reviews the Standard Modification Interest Rate and may adjust it based on market conditions.

Lender Letter LL-2014-01: Updates to Fannie Mae-Approved Mortgage Insurers

  • Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company and its affiliates by Arch U.S. MI holdings, Inc.

Announcement SVC-2014-03: Servicer Incentive Updates

  • This announcement  updates servicer incentive fees for repayment plans, short sales, and mortgage releases.

Announcement SVC-2014-02: Miscellaneous Servicing Policy Changes

  • This announcement updates servicing policy on handling overcharges for special ARMs, accepting bankruptcy schedules of assets and liabilities in a Borrower Response Package, and more.

Announcement SVC-2014-01: Mortgage Loan Modification Payment Change Notification

  • Fannie Mae updates requirements for borrower notification of the interest rate adjustment for a mortgage loan that has been modified and is subject to interest rate adjustments, including Fannie Mae HAMP modifications.

Servicing Notice: Property Valuation

  • Servicers are reminded for loan modifications that they must obtain a property valuation using Fannie Mae’s Automated Property Service (APS for NPV), Freddie Mac’s Automated Valuation Model (AVM), or a third-party AVM.

View 2013 Fannie Mae Lender Letters and Announcements

View 2012 Fannie Mae Lender Letters and Announcements

View 2011 Fannie Mae Lender Letters and Announcements

View 2010 Fannie Mae Lender Letters and Announcements

View 2009 Fannie Mae Lender Letters and Announcements

Fannie Mae Selling Guide

Fannie Mae Selling & Servicing Guide Forms

Form 4506-T Lender Tips

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Freddie Mac

Freddie Mac Single-Family Seller/Servicer Guide Bulletins and Industry Letters

Freddie Mac Resources for Sellers/Services (including news and Seller/Servicer Guide)

Bulletin 2014-5: Properties Located In Rural Market Areas

  • This Bulletin has been issued in response to a Federal Housing Finance Agency directive to Freddie Mac to provide certain clarifications and guidance regarding property and appraisal requirements for properties located in rural market areas.

Bulletin 2014-4: Modifications

  • This Bulletin announces revisions to its modification requirements, includes changes to processing requirements and more.

Bulletin 2014-3: Servicing

  • Freddie Mac updates and revises its Servicing requirements.

Bulletin 2014-2: Selling and Servicing

  • Freddie Mac announces update to Guide Form 16SF, Annual Eligibility Certification Report, to enhance its usability and provide additional functionality.  Also, this Bulletin revises its requirements for reimbursement of condominium, HOA and Planned Unit Development (PUD) assessments.

Bulletin 2014-1: Servicing

  • Freddie Mac updates and revises its Servicing requirements including step-rate mortgages, foreclosures, third-party use of Workout Prospector and BPOdirect, and Electronic Default Reporting Requirements.

View 2013 Freddie Mac Bulletins and Industry Letters

View 2012 Freddie Mac Bulletins and Industry Letters

View 2011 Freddie Mac Bulletins and Industry Letters

View 2010 Freddie Mac Bulletins and Industry Letters

View 2009 Freddie Mac Bulletins and Industry Letters

Freddie Mac Forms and Electronic Documents

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VA (Department of Veterans Affairs)

Circular 26-14-9 – March 27, 2014: VA Loan Full File Loan Review – File Upload Stacking Order

  • This circular announces the new mandatory stacking order for files selected for VA full file loan review, effective May 1, 2014.

Circular 26-14-8 – March 24, 2014: Repair Inspection Processing Procedures

  • Effective immediately, VA Fee Appraisers may use Freddie Mac Form 442 or Fannie Mae Form 1004D Part B.

Circular 26-14-5 – February 25, 2014: VA Appraisal Requirements on Foreclosed Properties

  • This circular reaffirms VA policy that all properties must meet VA minimum property requirements (MPRs) prior to VA loan guaranty.

Circular 26-14-4 – February 19, 2014: Clarification of the Department of Veterans Affairs (VA) Acceptance of Water Catchment Systems in the State of Hawaii

  • This circular provides clarification of the VA policy for individual properties with rainwater catchment systems that serve as collateral for a VA home loan in the State of Hawaii.

Circular 26-14-3 – February 6, 2014: Contract Assurance Unit Mailing Address

  • The purpose of this circular is to provide the mailing address for the recently formed Contract Assurance Unit.

Circular 26-14-1 – January 9, 2014: Lender Compliance with Consumer Financial Protection Bureau Requirements for Ability To Repay and Qualified Mortgage Rule

  • This circular clarifies lender requirements for home loans guaranteed by the VA under TILA and the CFPB’s ATR and QM Rule.

2013 VA Circulars

View 2012 Circulars

View 2011 Circulars

View 2010 Circulars

VA Lender’s Handbook, circulars, etc.

VA Forms

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Federal Reserve

Final Rules on Loan Originator Compensation and Steering

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Federal Trade Commission

FTC News Releases

Red Flag extension moved to December 31, 2010

More in-depth information about Red Flags Rule

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