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- FNMA: Effective 9/1/11, servicers should refer to the updated Property Preservation Matrix and Reference Guide for allowable reimbursement amounts for property maintenance work. Servicing Notice, dated 8/3/11
- FHLMC: For deliveries on or after 8/1/12, delivery of ULDD Data Points for all secondary financing associated with mortgages sold to Freddie Mac becomes mandatory. Bulletin 2011-14
- FHLMC: Effective 3/19/12, Freddie Mac is retiring MIDANET for delivery and removing references to it from the Guide. Bulletin 2011-14
- Fannie Mae will not purchase or securitize any mortgage loan insured by RMIC or RMIC-NC dated before 5/1/11 or on or after 9/1/11.
- FTC: Effective date is 8/19/11 for new rule strengthening consumer protections against deceptive mortgage advertisements.
- FHLMC: Servicing changes effective from Bulletin 2011-13.
- FNMA: Servicers must implement revised delinquency management and default prevention requirements by 10/1/11. Servicing Notice, dated 7/20/11
- FNMA: Lenders are required to use 2011 AMIs for new loan applications dated on or after 9/19/11 (manually underwritten)… Selling Notice, dated 7/19/11
- FNMA: Lenders are required to use 2011 AMIs for all loan casefiles submitted to DU on or after the implementation of the 2011 limits in DU (the weekend of August 20, 2011). Selling Notice, dated 7/19/11
- FHLMC: All changes related to Servicing Alignment Initiative are effective 10/1/11, unless otherwise noted. Bulletin 2011-11
- 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. SVC 2011-12
- 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.
- 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 accetability 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
- FNMA: Servicers may inform law firms they would like to have considered for inclusion in RFP for Retained Attorney Network that registration must be completed by 6/17/11. Servicing Notice, dated 5/26/11
- FHLMC: Effective 6/1/11, use of designated counsel is mandatory for new foreclosure and bankruptcy referrals initiated on and after this date on Mortgages secured by 2- to 4-unit properties and Manufactured Homes located in the District of Columbia and West Virginia.
- FNMA: Adverse Action Notice requirement from SVC 2011-05 becomes effective for all modification declinations issued by FNMA through HSSN on or after 6/15/11.
- FHLMC: "All Sellers that sell Mortgages under the Guarantor and MultiLender Swap programs must have completed the transition to the Dailty ACH Process no later than October 3, 2011."
- FHLMC: Effective 8/1/11, bulletins amending Guide revisions are effective for all Sellers, Gift letter will be required, Chapter 12 Master Agreements amended. Bulletin 2011-7
- FHLMC: Pricing changes related to Freddie Mac Relief Refinance Mortgage extension effective… Bulletin 2011-7
- FHLMC: Effective 6/1/11, Freddie Mac has revised Form 996 and added sample of Freddie Mac Selling System version of this form, Form 996E.
- FNMA: Servicers must implement revised mortgage modification requirements on or after 4/15/11. SVC-2011-03
- "FHLMC: ""For all Mortgages delivered to Freddie Mac on or after March 19, 2012, data must be delivered in the MISMO v3.0 format and, if the Mortgage application date is on or after December 1, 2011, the delivery must include the required ULDD data points."" Bulletin 2011-6"
- FHLMC: "Sellers must collect the new ULDD data points required for the initial implementation phase (“Phase I implementation”) for all Mortgages with applications dated on or after December 1, 2011" Bulletin 2011-6
- FHLMC: Servicer must perform interior property inspection on an abandoned property… Effective 6/1/11. Bulletin 2011-5
- FHLMC: "Effective for Mortgages registered with MERS that are referred to foreclosure on or after April 1, 2011, Servicers must prepare an assignment of the Security Instrument from MERS to the Servicer and instruct the foreclosure counsel or trustee to foreclose in the Servicer’s name and take title in Freddie Mac's name." Bulletin 2011-5
- FHLMC: For mortgages with application dates on or after 7/29/11, federally regulated institutions must start delivering loan originator identifier and LO company identifier to Freddie Mac.
- FHLMC: Effective for mortgages with settlement dates on or after 6/1/11, max LTV, TLTV, and HTLTV ratios are lowered to 95% for all conventional mortgages. Bulletin 2011-4
- FNMA: Effective May 1, 2011, use of attorneys on Retained Attorney List in new jurisdictions is mandatory. SVC-2011-02
- FNMA: Lenders must deliver loan originator identifier and origination company identifier for mortgages with application dates on or after 7/29/11 that are delivered to Fannie Mae. LL-2011-02
- FHA: Guidance effective for FHA refinance transactions 60 days from date of letter 2011-11. (Effective 4/15/11.)
- FHA: Effective date for increase in Annual Mortgage Insurance Premiums and for new procedures for requesting case numbers.
- FNMA: Beginning 1/1/12, mortgage loans delivered with ICE Model Ground Lease may only use revised Form 2100 03/06 (rev 12/10). SEL-2011-01
- FHA Single Family Claim remittances must be done through pay.gov. Effective 4/14/11. ML 2011-08
- FHLMC: Multiple changes to refinance mortgage requirements effective 5/1/11 from Bulletin 2011-2.
- FHLMC: Final migration of all Servicers from MIDANET to Service Loans Application. Effective 9/30/11.Bulletin 2011-1.
- FHLMC: Online Reimbursement System will be retired. Effective 3/31/11. Bulletin 2011-1.
- FHA: NMLS ID of loan officer must be entered into FHA connection.
- FHA: New FHA flood zone requirements take effect from ML 2010-43.
- 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.
- FNMA: Servicers must diversify referrals among two or more BPO providers.
- FNMA & FHLMC: For conventional loans for which an appraisal report is required and with application dates on or after 12/1/11 and delivery dates on or after 3/19/12, certain requirements from LL-2010-15 are required.
- FNMA & FHLMC: UAD is required for appraisals with effective dates on or before 9/1/11 that are completed on the four UAD appraisal report forms.
- FNMA: For Florida pre-filing mediation process, servicers must use revised process requirements associated with use of Clarifire application for any loans referred to FNMA Retained Attorney Network law firm.
- HUD/FHA: New HUD-1 certification language must be used for HECM case numbers assigned on or after 12/1/10.
- FHLMC: Bulletin 2010-30 - Revised postsettlement delivery fees take effect.
- FHLMC: Bulletin 2010-27 - Multiple HAMP policies effective for servicers.
- HUD/FHA: Guidance effective for completing screen in FHA Connection - "HECM Referral List Update"
- FHLMC: Bulletin 2010-25 - Servicers must have updated procedures for reporting "Spreadsheet for Hardest Hit Fund Mortgages."
- FHLMC: Bulletin 2010-23 - Seller/Servicers must maintain an Acceptable Net Worth of .5 million, plus a dollar amount equal to .25% of their Representation and Warranty Unpaid Principal Balance.
- FHLMC: Bulletin 2010-23 -Seller/Servicers must maintain an Acceptable Net Worth of million.
- FHLMC: Bulletin 2010-23 -Document custodians approved prior to 10/15/10 and in existing relationships with seller/servicers must have Acceptable Net Worth of million and must comply with new investment-grade rating…
- FHLMC: Bulletin 2010-23 - For eligible depositories - For relationships established before 10/15/10, insured depository rating must be C or better (LACE) and 75 or better (IDC), and depository must comply with applicable higher minimum rating.
- FHLMC: Multiple requirements effective from Bulletin 2010-23, such as requirement of interior photos for all appraisals that require interior and exterior inspections, requirements for using FICO scores for manually underwritten mortgages, etc.
- FHLMC: Multiple requirements effective from Bulletin 10-23, such as for additional instructions for obtaining cash adjustor values, delivery through MIDANET…
- FHLMC: Servicers must have completed review of affidavit policies related to foreclosure.
- FNMA: Deadline for servicers to submit their Alt Mod cases into the HomeSaver Solutions Network.
- FNMA: Servicer may no longer consider unemployment income as source for qualifying for modification. Also, if servicer wants forbearance longer than 6 months, must have written approval from FNMA.
- FNMA: Servicers must implement 2MP program no later than January 1, 2011.
- FHA: Various HECM changes go into effect, such as option for HECM Saver and reduction in HECM proceeds made available to mortgagors.
- FHA: For loan originations not involving a sponsored originator, FHA mortgagees may use prior version of 92900-A until 1/1/11.
- FHA: Sponsoring mortgagees must begin complying with new data entry requirements for FHA Connection.
- FNMA: For certain transactions, all whole mortgage loans must be delivered by 4/29/11 or included in MBA pools with issue dates on or before 4/1/11.
- FNMA: Use of SFC 165 is effective.
- FNMA: For manually underwritten loans, effective date for new minimum borrower contribution and source of funds requirements, employment/income requirements, revolving DTI ratio.
- FHLMC: Effective date for enhanced fraud prevention requirements and requirement for servicers to notify Freddie Mac within 24 hours of filing a blocked property or rejected transaction report with OFAC.
- FHLMC: HAMP Backup Modifications must have a first modified payment due date on or before 12/1/10.
- FHA: New minimum credit scores and LTV ratio requirements are effective for case numbers assigned on or after 10/4/10.
- For case numbers assigned on/after 10/4/10, FHA will lower its upfront mortgage insurance premium and raise annual premium, except for HECM.
- FHLMC: Multiple policies effective concerning Area Median Incomes and determining additional debt obtained from inquiries on credit report.
- Final Rule effective on loan originator compensation and steering.
- Section 1481(d) of Dodd-Frank Act becomes effective (person may not receive assistance from any mortgage assistance program if they've been convicted within last 10 years of felony larceny, theft, fraud, or forgery; money laundering; or tax evasion.)
- HUD/FHA: Enhancements to FHA's refinance program effective for loans with case numbers issued on or after 9/7/10, which are closed on or before 12/31/12.
- FNMA: Lenders must apply policies related to undisclosed liabilities from SEL-2010-11 on loan applications dated on or after 12/1/10.
- "FHA is returning to its former CLTV limit for case numbers assigned on or after 9/7/10."
- FHLMC: MISMO-based delivery requirements effective for all Mortgages Freddie Mac purchases.
- FNMA: HomeSaver Advance option will be retired.
- FNMA: Various selling policy changes effective from SVC-2010-10.
- FHLMC: Servicers may no longer consider unemployment benefits as source of income when evaluating borrower for Trial Period Plan under HAMP.
- FHLMC: Servicers must comply with FHLMC requirements related to implementation of SD 10-02 for borrowers who become 31 days delinquent on/after 9/1/10.
- VA: Effective for loan applications taken on or after 10/1/10, lenders must include itemization of credits and title service charges.
- FNMA: Seller/servicer must instruct mortgage insurers (in writing) to provide FNMA with information about its loans.
- FNMA: Lenders must use 2010 Area Median Incomes (AMIs) for new loan applications (manually underwritten) dated on/after 9/1/10.
- HUD: Mortgagees must use new HECM Required Documents for Endorsement list.
- FNMA: Multiple policies effective related to appraisals.
- FHLMC: Policies effective from Bulletin 2010-15 for Loan Delivery Data.
- FNMA: "Servicers must verify income, liabilities, and monthly expenses for all borrowers prior to granting a permanent standard Fannie Mae mortgage modification" for all standard FNMA modification offers on or after 7/15/10.
- FNMA: Underwriting guidelines from SEL-2010-08 for borrowers with prior foreclosure "effective for manually underwritten mortgage loans with application dates beginning 10/1/2010."
- FHLMC: "HAMP Backup Modifications and Cap-to-Reinstate modifications must have a first modified payment due date on or before 9/1/10."
- FHLMC: Sellers must deliver appraiser's State license numbers for all Mortgages with application dates on or after July 1, 2010…
- FHA: Each mortgagee with FHA approval as of 5/20/2010 that exceeds size standards for small business must have net worth of at least ,000,000. Mortgagees that meet size standards must have net worth of at least 0,000.
- FHLMC: "Servicers must have incorporated HAFA into their operations and begin offering HAFA solutions."
- FNMA: Servicers must have HAFA policies and procedures implemented.
- HUD: Requirements effective from 10-18 "Update of Property and Preservation (P&P) Requirements and Cost Reimbursement Procedures"
- FNMA: All newly originated balloon mortgage loans, and all mortgage loans not meeting the new qualifying rate and interest-only eligibility requirements must be purchased as whole loans on or before August 31, 2010, or delivered into MBS pools with issue dates on or before August 1, 2010.
- FNMA: For ARMs with an initial fixed-rate period of 5 years or less, lenders must use the greater of the note rate plus 2%, or the fully indexed rate (effective for manually underwritten mortgage loans.)
- FNMA: On or after the weekend of 6/19/10 - for new loan casefiles submitted to DU, ARM requirements are effective. Interest-only eligibility requirements are also effective.
- FNMA: Multiple Servicing Guide updates effective from SVC-2010-06.
- FHA: Net worth requirements effective for 2013 and subsequent years.
- FHA: "Effective on June 21, 2010, applicants shall comply with the net worth requirements [in Final Rule]…"
- FHA: Correspondents can no longer close FHA-insured mortgages in their own names.
- FNMA: "Effective for loan applications dated on or after 7/1/10, lenders will be required to determine during their review of the credit report if there is a preforeclosure or short sale and must manually apply the new policies to all loan case files underwritten through DU."
- FNMA: Multiple policies effective from SVC-2010-05.
- FHLMC: New requirements for Servicing Released Sales Process are effective, including eligibility and approval requirements.
- FNMA: Baloon pricing changes from SVC-2010-05 are effective for whole loans purchased on or after 6/1/2010…
- FHLMC: Multiple policies effective for mortgages with applications dated on or after 6/13/10, such as Freddie Mac no longer purchasing Initial Interest Mortgages, increased minimum Indicator Scores, etc.
- FHLMC: "New max LTV/TLTV ratio requirements effective for Section 502 GFH Mortgages for mortgages with application dates on or after 6/13/10 and for mortgages with settlement dates on or after 9/1/10.
- FNMA: Policy changes for Lender Quality Control Standards from SEL-2010-03 are effective.
- HUD/FHA: Revisions to HECM Loan Agreement and Fannie Mae Form 1009 effective for all HECM case numbers assigned on or after this date.
- FNMA: Servicers are required to use new reporting file layout for Payment Reduction Plan Loans.
- FHA: Effective date for Final Rule regarding Strengthening Risk Management, including net worth requirements.
- FNMA: Lenders may continue to apply HARP flexibilities to loans originated under Refi Plus™ and DU Refi Plus™ provided the note...
- FHLMC: Relief Refinance Mortgages must have Note Dates on or before 6/30/11.
- FNMA: “LTV ratio calculation [must] be truncated (shortened) to two decimal places, then rounded up to the next whole percent.”
- FHLMC: “Document Custodians, approved prior to October 28, 2009, with a vault that does not provide a minimum of two hours...
- FNMA: “Effective date for the requirement to deliver the loan origination identifiers and appraiser data elements has been extended...
- FNMA: “Effective for mortgage loan applications taken on or after July 1, 2010, Fannie Mae will require the use of the updated Form 1003.”
- FNMA: MI flexibilities in Ann. 09-04 extend through 6/10/10 and apply only to mortgage loans with note dates on or before...
- FHLMC: HAMP change eliminates stated income Trial Period Plans and requires full verification of Borrower eligibility after the...
- FTC: Enforcement date for FTC’s Red Flags Rule.
- FNMA: “If the subject property is a condo or other property type that is identified by a unit number, the unit number must be included...
- FNMA: “Lenders [must] determine that all debts of the borrower incurred or closed up to and concurrent with the closing of the...
- FNMA: Lenders must confirm that companies involved in origination, underwriting, or servicing are not on GSA Excluded Party List...
- FNMA: “The requirement for all borrowers to have a Social Security number or ITIN is effective for all loan applications dated...
- FNMA: “Lenders will be required to confirm the identity of each borrower whose credit is used for the purpose of determining...
- FNMA: “Effective for all HAMP trial period plans with effective dates on or after June 1, 2010, a servicer may only offer a borrower...
- FNMA: “…all other servicers must implement the use of IDI as soon as possible but no later than June 1, 2010.”
- FNMA: “All conventional mortgage loans for which the lender’s project acceptance was based solely on FHA-project approval...
- FNMA: “Purchase/Delivery Deadline: Purchase date for whole loans; delivery date for MBS – Manually underwritten loans...
- FNMA: “The change to the Potential Red Flag messages will be effective the weekend of April 17, 2010.”
- FHA will collect an upfront mortgage insurance premium of 2.25 percent.
- FNMA: New reverse mortgage reporting requirements effective. Servicers must submit trial balance transaction files by 6th...
- FNMA: All reverse mortgage loans with unpaid principal balance differences greater than 0, must be reconciled no later...
- FNMA: “Committing Deadline – DU Version 7.0 and 7.1 EA product pricing in eCommitting and eCommitONE will be retired.”
- FHLMC: Multiple changes to HAMP/imminent default requirements effective from Bulletin 2010-1.
- FHLMC: “Imminent Default Indicator must be used as part of any new imminent default evaluation conducted on or after...
- FHLMC: “Servicers must begin using the new [HAMP] documentation no later than March 1, 2010.”
- “Fannie Mae servicers who are required to use IDI by March 1, 2010 by other investors must implement the use of IDI for...
- Fannie Mae servicers must use new standard HAMP documents no later than March 1, 2010.
- FHLMC: “Sellers must take out separate fixed-rate Cash contracts for Relief Refinance Mortgages with LTV ratios higher than 105%…”
- FHA: No later than February 5, 2010, report is due with updated Single Family Default Monitoring System (SFDMS) status codes for...
- FHLMC: Change effective for Condo Unit Mortgages from Bulletin 2010-2.
- FHLMC: “Freddie Mac will no longer purchase non-Freddie Mac-owned streamlined refinance Mortgages.”
- FHLMC: Multiple credit and property eligibility changes are effective from Bulletin 09-24.
- FNMA: Changes effective for FHA-approved condo projects, FICO versions for manually underwritten loans, modified loan eligibility...
- HUD: New RESPA regulations will take effect.
- FHLMC: Must comply with requirements set forth in Treasury’s SD 09-08.
- FHA: Key changes are effective for HOPE for Homeowners (H4H) Program.
- FHA: “Effective January 1, 2010, all supervised mortgagees must now submit an annual audited financial statement within 90 days...
- FHA: “Effective for all case numbers assigned on or after January 1, 2010, the validity period for all appraisals on existing and...
- FHA adopts Appraisal Update and/or Completion Report. Effective for case numbers assigned on/after 1/1/10.
- FHA: New appraisal portability requirements are effective for all case numbers assigned on or after January 1, 2010.
- FHA: New appraiser independence requirements are effective.
- FNMA: Required to implement HAMP policies concerning borrower notices from Ann. 09-36.
- FHA: Required to use updated Forms 1013, 1014, 1072.
- FNMA: “Delivery Date Availability: MBS and whole loan deliveries – Deliveries may begin for both manually underwritten loans...
- FNMA: “Effective for mortgage loan applications taken on or after January 1, 2010, Fannie Mae will require the use of the...
- Fannie Mae new mortgage loan data requirements are required for all applications dated on or after 1/1/10.
- FNMA: “Purchase/Delivery Deadline: Purchase date for whole loans; delivery date for MBS – DU Version 7.0...
- FNMA: Application date for “New DU loan casefiles underwritten with DU Version 8.0.”
- FNMA: “All outstanding HSF offers must be closed and entered into HSSN prior to December 10, 2009...
- FHA: Changes to condominium approval process for Single Family Housing are effective.
- FHLMC: “Effective for Mortgages for which the Servicer begins a new evaluation under HAMP on or after...
- FNMA: “Required determination of [HAMP] eligibility based on NPV test results for mortgage loans with an initial NPV evaluation on or...
- FNMA: All whole loans and mortgage loans delivered into MBS on or after December 1, 2009 must comply with the new policy: The borrower may receive...
- FNMA: Closed HomeStyle Construction-to-Permanent loans must be purchased by Fannie Mae from existing approved lenders by November 30, 2009.
- Events
- MCA Blog
- News Tweets
- Read Our February Monthly Compliance Newsletter
- Freddie Mac Announces ULDD Updates
- Fannie Mae Updates Selling Guide
- VA Announces 2012 County Loan Limits
- VA Extends Rescission Date On Circular 26-09-15
- VA Extends Rescission Date On Circular 26-09-12
- VA Extends Rescission Date On Circular 26-08-5
- VA Extends Rescission Date On Circular 26-09-4
- VA Extends Rescission Date On Circular 26-09-3
- Fannie Mae Announces Attorney Fee Updates
- Fannie Mae Introduces Unemployment Forbearance Program
- Fannie Mae Reminds Servicers On HOPE Hotline Counseling Reimbursement
- Read Our 2012 January Newsletter
- Freddie Mac Introduces Unemployment Forbearance
- Freddie Mac Revises Requirements In Bulletin 2011-22
- HUD Addresses Large Loan Risk Mitigation Policies
- Fannie Mae Announces Guaranty Fee Increase
- Freddie Mac Announces Guarantee Fee Increase
- VA Announces Final Loan Modification Regulation Revision
- VA Announces Change to Extend Rescission Date
- VA Announces Value Adjustments and Required Interior Photographs
- Fannie Mae Announces Policy Changes to Condo Insurance Requirements
- Fannie Mae Reminds Servicers of Complete Referral Packages
- Fannie Mae Updates Its Selling Guide
- Freddie Mac Updates Its Selling Requirements
- Fannie Mae Extends Implementation Dates For The ULDD
- Freddie Mac Provides Servicer Requirements for Interaction with State HFA's
- Freddie Mac Notifies Servicers of City of Chicago, Illinois's Vacant Property Ordinance
- Fannie Mae Notifies Servicers of City of Chicago's Vacant Property Ordinance
- HUD Announces FHA Maximum Loan Limits Effective October 1, 2011 Through December 31, 2012
- HUD Announces Secondary Financing Eligibility Requirements for IRC Section 115 Nonprofits
- The VA Announces Funding Fee Update
- Fannie Mae Confirms its Conventional Loan Limits for 2012
- Fannie Mae Authorizes File Transfers from Baum Law Firm
- Freddie Mac Updates Servicing Requirements
- The VA Announces Funding Fee Updates
- Fannie Mae Updates Flood Insurance Policy
- Freddie Mac Announces Refinance Mortgage Relief
- Fannie Mae Announces Suspension of New Referrals
- Fannie Mae Updates Refi Plus and DU Refi Plus
- Fannie Mae Updates Bankruptcy Proceeding Policy
- VA Discusses Future Funding Fee Changes
- Freddie Mac Updates Selling Requirements
- VA Extends Rescission Date of Basic Circular
- Freddie Mac Announces Program Enhancements and Clarifies Remedies
- Freddie Mac Announces Updates to Servicing Requirements
- Fannie Mae Announces Updates to Delinquency Management & Default Prevention Requirements
- Fannie Mae Announces Servicing Fee Changes for Lender-Paid Mortgage Insurance
- Fannie Mae Updates Selling Guide
- HUD Revises Implementation and Reporting Dates Associated with ML 2011-28
- Fannie Mae Announces Extension of HOPE Counseling Reimbursement
- VA Circular Announces Updated Funding Fee Payment System
- Freddie Mac Announces Updates to Selling Requirements
- Fannie Mae announces Post Referral to Foreclosure Solicitation Letter
- VA Announces Updated Funding Fee Changes
- Fannie Mae Issues Notice for Permanent Change of Station Orders
- Read our October newsletter with compliance updates, tips, and more.
- Freddie Mac Updates Post-Referral to Foreclosure Solicitation Letter
- Fannie Mae updates the allowable attorney foreclosure fees for mortgage loans, and more.
- Fannie Mae updates The Selling Guide. Learn more!
- Local HUD office obtains approval from Headquarters for approval of affordable housing programs for eligible borrowers.
- HUD offers clarification on Annual Mortgage Insurance Premiums for certain loans.
- Please join us and register for our GFE Compliance Part 2 Webinar tomorrow, Thursday, Sept. 29th!
- Read our August newsletter with compliance updates and info on our next GFE webinar.
- Freddie Mac updates Guide for ULDD data delivery requirements and retirement of Midanet for delivery.
- Fannie Mae updates servicers on allowable reimbursements for property maintenance.
- Freddie Mac also suspends RMIC as approved mortgage insurer.
- HUD posts Alternative Reporting Requirements for Small Supervised Lenders and Clarification…
- Fannie Mae suspends RMIC and RMIC-NC as approved mortgage insurers.
- Find out what people thought about CFPB’s latest simplified disclosure form.
- Fannie Mae posts servicing notice: Delinquency status codes update.
- Don’t forget to register for tomorrow’s webinar “TILA & MDIA”.
- Fannie Mae updates Selling Guide: UAD/UCDP requirements, qualified participants policy change, etc.
- Freddie Mac bulletin announces requirements for new Servicing Success Program.
- HUD posts Annual Base City High Cost Percentages for Multifamily mortgagees.
- CFPB issues interim rule to fill regulatory gap, effective immediately.
- FTC issues new rule about mortgage advertisements.
- Fannie Mae servicing notice – 10/1 is new effective date for delinquency management & prevention requirements.
- Fannie Mae posts Selling Notice: Area Median Incomes 2011.
- CFPB publishes progress report, getting ready to start work on July 21.
- FTC won’t enforce MARS Rule against real estate professionals helping consumers get short sales…
- Freddie Mac bulletin provides guidance on servicer participation in Emergency Homeowners’ Loan Program.
- Read our July compliance newsletter, with agency announcements and updates.
- Read GFE Compliance Q&A from our last webinar.
- HUD amends Type I special forbearance program for unemployed borrowers.
- Fannie Mae posts LL-2011-05: Participation in HUD’s Emergency Homeowners’ Loan Program.
- FTC, Federal Reserve Issue Final Changes to Risk-Based Pricing Rule.
- HUD updates Condo Approval Process.
- Freddie Mac announces Servicing Alignment Initiative & requirements to process Hawaii foreclosures.
- Fannie Mae posts SVC-2011-12 about mortgage insurance and warranty violations.
- Read the final rule for HUD’s SAFE Act with state licensing standards…
- HUD Announces Final Rule Setting Standards for State Compliance with SAFE Act.
- Fannie Mae updates Selling Guide: Delayed financing exception, removal of reverse mortgages, etc.
- CFPB announces new drafts of mortgage disclosure with different back pages, and asks for input.
- HUD revises instructions for preparing ALTA/ACSM Land Title Survey for Multifamily programs.
- Fannie Mae updates policy on delinquency status reporting.
- FNMA extends time period for servicers to request reimbursement for HOPE Hotline counseling.
- HUD and Neighborworks America Announce Emergency Homeowners’ Loan Program.
- Download the slides from today’s webinar “GFE Compliance.”
- HUD gives guidance on termination of HOPE for Homeowners (H4H) Program
- Fannie Mae releases updated Servicing Guide.
- Fannie Mae Servicing Notice: Hawaii Legislative Changes Affective Non-Judicial Foreclosures.
- Comment period extended to 8/1/11 for risk retention proposed rulemaking.
- Fannie Mae: Servicing Fees on Modified Mortgage Loans & Mortgagee Clause for Loans Registered with MERS.
- Fannie Mae posts servicing announcement: Updates to Foreclosure Time Frames & Imposition of Compensatory Fees.
- Fannie Mae announces enhancements to delinquency and default prevention requirements.
- Read our June newsletter, with agency updates and info on our next webinar.
- Sign up for our next free webinar “GFE Compliance” on June 16 at 1:00 pm MDT (3:00 Eastern).
- FHA Market Analysis Brief: Potential Changes to FHA Single-Family Loan Limits…
- Fannie Mae posts SVC-2011-06: Updates to Imminent Default Definition & Determining Market Value for Preforeclosures.
- Fannie Mae will conduct reapplication process for Retained Attorney Network in 16 states.
- Get the slides for today’s webinar “Making the Most of Your QC Data.”
- New Freddie Mac bulletin updates selling and servicing requirements.
- Tell your friends about tomorrow’s free compliance webinar “Making the Most of Your QC Data.”
- Fannie Mae updates Selling Guide: Deferred student loans, docs for retirement accounts, etc.
- VA circular announces that Prior Loan Validation (PLV) is no longer required on IRRRLs.
- CFPB posts two draft designs for comment of combined TIL/GFE disclosure.
- SEC Proposes Rules to Increase Transparency and Improve Integrity of Credit Ratings.
- Freddie Mac posts Servicing Bulletin about mortgage clause notice, designated counsel for DC and WV, etc.
- New VA Circular: SAHSHA Data and GWOT Reporting.
- Fannie Mae approves newest mortgage insurer, Genworth Residential Mortgage Assurance Corporation.
- Read our May newsletter, with mortgage compliance updates, webinar Q&A, and more.
- Join our next free compliance webinar “Making the Most of Your QC Data.” May 26 at 12 pm MDT.
- HUD updates FAQ for ML 2011-11 “FHA Refinance Transactions”.
- HUD reminds FHA mortgagees of 90-day moratorium on foreclosures for Presidentially Declared Disaster Areas.
- New VA Circular: Additional Relief Following Tornado Outbreaks.
- Fannie Mae posts misc. servicing policy changes, including introduction of Adverse Action Notice, etc.
- Freddie Mac posts new bulletin: ULDD Exhibit and Resource Update.
- HUD posts ML 11-19: Financing transaction costs for REO purchased under FHA 0 down sales incentive.
- Download the slides for today’s appraisal compliance webinar.
- FHA eliminates origination cap fee for 203(k) Rehabilitation Mortgage Insurance Program.
- Join our compliance webinar “Evaluating Your Appraisal” this Thursday at 12 pm MDT.
- HUD posts April RESPA Roundup, including tolerance violations on HUD-1, credit report charges, etc.
- Fed seeks comments on proposed rule under Reg Z requiring creditors to determine consumer’s ability to repay…
- Follow us on Twitter and Facebook to get agency announcements right when they come out.
- HUD explains requirements regarding use of official logos and names of HUD and FHA.
- Fannie Mae posts servicing announcement: Prohibitions on loss sharing, etc., with mortgage insurers.
- Remember: Increase to FHA annual premiums is effective 4/18.
- Freddie posts Bulletin 2011-7, changing selling requirements: amendments to purchase docs, mortgage eligibility, etc.
- Join our next free webinar “Evaluating Your Appraisal” on Apr 28 at 12 pm MDT.
- Read our April newsletter, with info on our next webinar, LO compensation update, etc.
- Need an LO Compensation Policy?
- LO Compensation stay is lifted.
- HUD rescinds ML 2008-38 “Borrower’s recourse for repayment of HECM debt”.
- Fannie Mae posts servicing announcement: Updates to Mortgage Modification Requirements.
- Freddie Mac posts industry letter about arrangements with mortgage insurers.
- NAMB gets court to grant a stay of LO Comp Rule.
- Fannie Mae posts Misc. Selling Guide clarifications, such as LTV calculations.
- Register for our next free webinar “Evaluating Your Appraisal” Apr 28 at 12 pm MDT.
- MBA Reacts to Risk Retention Proposal.
- Fed proposes rule requiring sponsors of asset-back securities to retain 5% of credit risk…
- Freddie Mac posts Bulletin 2011-6, announcing transition period to help sellers implement ULDD requirements.
- FDIC chairman makes statement on QRM (Qualified Residential Mortgage).
- Agencies Announce Consideration of Risk Retention Notice of Proposed Rulemaking
- Best Practices for Addressing Common Loan Processing Deficiencies – from Freddie Mac.
- Freddie Mac posts servicing bulletin about postponing foreclosure sales, etc.
- Get the recording of the Fed’s recent LO Comp webinar.
- Check out HUD’s RESPA Roundup for March, including RESPA guidance related to LO Compensation.
- Download the slides for today’s Compliance Q&A webinar.
- It’s not too late to register for today’s Compliance Q&A webinar at 12 pm MDT.
- Federal Reserve posts slides for its free LO compensation webinar tomorrow.
- FHA’s Stevens will replace MBA president Courson in early May.
- HUD posts MULTIFAMILY mortgagee letter revising procedures for PPCs of Section 232.
- Fannie Mae announces extension of Home Affordable Refinance Program (HARP).
- NAMB files suit against Fed to prevent April 1 implementation of LO compensation rule.
- Join our Compliance Q&A Webinar, moved to March 18.
- Register for the Federal Reserve’s free LO Compensation webinar on March 17.
- Read our March Compliance Update, with agency updates and info about our next webinar.
- Federal Reserve seeks comment on proposed rules on risk-based pricing notices and adverse action notices.
- Freddie Mac reduces max LTV, TLTV, and HTLTV ratio requirements to 95% for all conventional mortgages they purchase.
- Fannie Mae adds 14 new jurisdictions to mandatory retained attorney network.
- New VA circular: New Loan Modification Regulation.
- Join our next free webinar “Compliance Q&A Webinar” on March 17 at 12 pm MDT.
- Check out the Q&A from our last webinar “Essentials of a Compliant QC Plan”
- Federal Reserve issues final rule on proposed revisions to escrow account requirements…
- HUD launches new blog “The HUDdle”
- HUD revises and reissues ML 2011-11 (see matrix on page 4).
- New VA circular: Loan Guaranty Regulatory Update.
- Fannie Mae updates lenders on status of Federal Registry requirements for originators…
- HUD gives guidance on use of Subordination, Non-Disturbance and Attornment Agreements for commercial leases…
- HUD extends temporary authority for Multifamily hubs to process waiver requests pertaining to 3 year rule…
- Download the slides for today’s webinar.
- Don’t miss our free webinar today at 12 pm MST “Essentials of a Compliant QC Plan.”
- Freddie Mac bulletin gives terms and conditions for use of Service Loans application.
- HUD introduces new quarterly research publication “Evidence Matters.”
- HUD Releases Proposed FY2012 Budget.
- HUD announces tier ranking scores for Round 42.
- HUD clarifies/updates guidance on FHA refinance transactions.
- New HUD mortgagee letter introduces 25 basis point increase to annual premiums, effective 4/18/11.
- MBA’s Comment on Administration’s White Paper on Government Role in Secondary Mortgage Market.
- Administration plans to wind down Fannie Mae, Freddie Mac and increase FHA annual premiums.
- Fannie Mae terminates relationship with Florida law firm Ben-Ezra & Katz.
- Fed Chairman Bernanke: The Economic Outlook and Monetary and Fiscal Policy.
- Join our free webinar “Essentials of a Compliant QC Plan” on Feb 17 at 12 pm MST.
- FDIC votes to propose rule about incentive-based compensation requirements under Dodd-Frank.
- HUD posts ML 11-09 about HECM counseling fees and waivers.
- Agencies Propose Changes in Reporting Requirements for OTS-Regulated Savings Associations…
- Read our February newsletter with compliance updates and info on our next webinar.
- MBA Applauds Fed Decision to Suspend Reg Z Rulemakings.
- Federal Reserve doesn’t plan to proceed with finalizing 3 pending mortgage rulemakings under Reg Z.
- Join the Federal Reserve System’s free webinar on Risk Based Pricing. Feb 16.
- Obama Administration Releases January Housing Scorecard.
- VA posts new circular reminding servicers of several key provisions of SCRA.
- Agencies Announce Start of Initial Registration Period Under SAFE Act's Mortgage LO Provisions.
- FHA Extends ‘Anti-Flipping Waiver’ to Help Stabilize Housing Market.
- Register for our next free webinar “Essentials of a Compliant QC Plan” February 17 at 12 pm MST.
- Fannie Mae announces Selling Guide updates about community land trusts, non-standard payment collection, misc.
- Read the Q&A from last week’s webinar “Common Compliance Findings of 2010 & How to Prevent Them.”
- Effective 4/14/11, FHA Single Family Claim remittances must be done through pay.gov.
- Download the slides for today’s webinar “Common Compliance Findings of 2010 & How to Prevent Them.”
- FHA eliminates Master Appraisal Report (MAR).
- Freddie Mac revises certain credit underwriting and mortgage eligibility requirements.
- New HUD mortgagee letter: Claim Process for FHA Refinances of Borrowers in Negative Equity Positions.
- Fannie Mae increases max allowable foreclosure attorney fee for properties in Maryland.
- Fannie Mae Lender Letter - guidance on interactions with Hardest-Hit Fund Unemployment & Reinstatement Programs.
- Freddie servicing bulletin introduces application to replace MIDANET, incorporates Reimbursement System changes, etc.
- MBA Files Suit to Overturn Labor Department’s Interpretation on Overtime for Loan Officers.
- New VA circular: Relocation assistance for borrowers under two loss mitigation options.
- Join our webinar on January 20: Common Compliance Findings of 2010 & How to Prevent Them.
- HUD posts ML 2011-05: Revised Audited Financial Statement Reporting Requirements for Supervised Lenders in…
- HUD will capture NMLS information for entities originating FHA loans.
- HUD extends temporary condo policy guidance from ML 09-46 A.
- Read our monthly compliance update with information about our next webinar and agency announcements.
- New VA circular provides guidance on processing SAH cases under new rules.
- HUD posts ML 2011-02: Quality Control Requirements for Direct Endorsement Lenders.
- HUD posts ML 2011-01 about HECM Property Charge Loss Mitigation
- FHA now requires flood zone determination on all properties. Also prohibits properties in designated coastal barriers.
- HUD posts ML 2010-42. Provides guidance about FHLB AHP Homeownership Set-Aside Grant Program.
- Reminder: December 31 is the enforcement date for the FTC’s Red Flags Rule.
- A Christmas Message from Secretary of Veterans Affairs.
- Fannie Mae posts Updated Flow Business Pricing Requirements (SEL-2010-17).
- Federal Reserve issues interim rule amending Reg Z to clarify MDIA disclosure requirements.
- Federal Reserve posts annual notice of asset-size exemption for depository institutions under Reg C: million.
- FNMA servicing announcement: Technology Fees and Foreclosure and Bankruptcy Referrals.
- Happy holidays! FTC Offers Online Shopping Tips for the Holidays.
- Freddie Mac extends service member foreclosure protection to 12/31/11. (Bulletin 2010-32)
- Another FNMA servicing notice. Announces 4 new Broker Price Opinion providers & new BPO reimbursement rates.
- FNMA posts servicing notice. Reminds of duty for confidentiality of files and borrower payment records.
- Freddie Mac posts Bulletin 2010-31: Uniform Appraisal Dataset and Uniform Collateral Data Portal Requirements.
- FNMA posts LL-2010-15. To enhance appraisal data quality, FNMA & FHLMC developed the Uniform Appraisal Dataset (UAD).
- Agencies announce final rule to expand scope of Community Reinvestment Act regulations.
- Fannie Mae posts selling notice: Co-op Share Loan Documentation and Requirements for Document Custodians Update.
- HUD posts December RESPA Roundup. Includes info about VOE/VOD charges, services obtained in prior transactions…
- HUD posts MULTIFAMILY letter 2010-41: Construction Specifications Institute (CSI), MasterFormat Editions.
- Mortgage Compliance Tips for Wrapping up the Year.
- MBA Sends Letter to FHA on Proposed Lender Indemnification Guidance.
- Register for our free webinar on January 20: Common Compliance Findings of 2010 & How to Prevent Them.
- VA circular announces transfer of some functions from The Appraisal System (TAS) to WebLGY.
- FHA posts 2011 Maximum Loan Limits.
- Fannie Mae updates Selling Guide: Project eligibility requirements, income documentation, etc. (SEL-2010-16)
- Fannie Mae posts SEL-2010-15: New Energy Improvement Feature and Other Related Updates.
- Fannie Mae Notice: To manage Florida pre-filing mediation, all parties must use Clarifire.
- Fannie Mae posts SVC-2010-17 with misc. servicing changes such as update to hardships for problem drywall, etc.
- Happy Thanksgiving! FTC has gift card tips for holiday buying.
- HUD introduces revised HECM - HUD-1 closing certification.
- Freddie Mac revises postsettlement delivery fees, effective 3/1/11. (Bulletin 2010-30)
- FNMA will accept hazard insurance coverage from State Farm Florida Insurance retroactive to 8/3/10…
- Freddie Mac announces new super conforming pooling option, improvements to Selling System… (Bulletin 2010-29)
- FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams.
- Freddie Mac posts 2011 loan limits. (Bulletin 2010-28)
- Fannie Mae posts 2011 conventional loan limits. (LL-2010-13)
- HUD posts ML 10-38: Mortgagee Eligibility Requirements and Clarification of FHA’s Electronic Annual Certification…
- Download the slides for today’s webinar “Reviewing Red Flags of Fraud.”
- It’s not too late to register for tomorrow’s webinar “Reviewing Red Flags of Fraud.” 12:00 pm MST
- FHA Issues Annual Financial Status Report to Congress.
- Freddie Mac posts servicing bulletin about HAMP, late charges associated with forbearance, etc.
- MBA And Others Call For Coordinated Effort to Improve RESPA/TILA Disclosures for Borrowers.
- HUD clarifies HECM requirement to provide borrower with list of HECM counseling agencies.
- Florida: Fannie Mae terminates relationship with Law Offices of David J. Stern, P.A.
- MBA Sends Letter to Federal Financial Regulators on Risk Retention.
- Register for our free webinar “Reviewing Red Flags of Fraud” on 11/18 at 12:00 pm MST.
- SEC Proposes New Whistleblower Program Under Dodd-Frank Act.
- Florida: Freddie Mac terminates relationship with Law Offices of David J. Stern, P.A. (Bulletin 2010-26)
- Freddie Mac posts Bulletin 2010-25: Servicer Requirements for Hardest Hit Fund.
- Fannie Mae provides guidance to servicers on interactions with Hardest Hit Fund… LL-2010-12.
- Fannie Mae SVC-2010-16 announces retirement of Payment Reduction Plan and other misc. changes.
- Sign up for our free newsletter The MCA Monthly Compliance Update.
- HUD eliminates requirement that sum of all liens not exceed geographical max mortgage limit for both purchase, refis.
- HUD proposes to strengthen FHA lender indemnification process.
- Freddie Mac posts revised HAMP documents.
- HUD posts ML 10-35: Mortgagees must obtain signed certification form if underwater borrower is refinancing.
- • Register for our next free webinar “Managing the Year of Change” Oct 21 at 12:00 pm Mountain Daylight Time.
- Read our monthly compliance update and register for our upcoming webinar “Managing the Year of Change.”
- Freddie Mac: By 10/18, servicers must review affidavit policies related to foreclosure.
- Fannie Mae: Servicers must review policies relating to execution of affidavits, verifications, other legal docs.
- Reminder: FHA changes to mortgage insurance premiums, min credit score, and LTV eligibility are effective today.
- Fannie Mae extends timeframe to 11/30/10 for servicers to submit their Alt Mod cases.
- VA Home Loan Program changes website to www.benefits.va.gov/homeloans.
- HUD publishes second volume of RESPA Roundup.
- Download the slides for today’s GFE webinar.
- Join our free GFE webinar today at 12:00 pm MDT: “Revisiting the GFE: How to Resolve Common Findings.”
- Fannie Mae updates servicing guide regarding forbearance, income eligibility, & HAMP requirements.
- Fannie Mae provides guidance to servicers for implementing Second Lien Modification Program (2MP).
- HUD announces second HECM option, HECM Saver, with lower upfront loan closing costs…
- HUD enhances FHA Connection to support Sponsored Originations.
- Fannie Mae updates Selling Guide. Includes simplified high LTV ratio transactions, etc.
- FHA posts ML 10-32 for MULTIFAMILY: Revision to Policy for Partial Payment of Claims and Mortgage Modifications.
- Fannie Mae is developing appraiser independence requirements that will replace HVCC.
- Freddie Mac updates Guide, including enhancements to fraud prevention, Exclusionary List, etc.
- Freddie Mac extends settlement deadline for HAMP Backup Modifications to 12/1/10.
- Fannie Mae suspends California Housing Loan Insurance Fund (CaHLIF) as an approved mortgage insurer.
- Reminder: Several new Fannie Mae appraisal policies went into effect for applications dated on/after September 1.
- VA posts Cir. 26-10-10. Effective 9/13/10, Loan Guaranty Service will temporarily relocate to Alexandria, VA.
- HUD posts Multifamily Annual Base City High Cost Percentages and High Cost Area Revisions.
- HUD posts ML 10-30: Revised Temporary Authority for MULTIFAMILY Hubs to Process Waiver Requests…
- HUD posts new minimum credit scores and LTV ratio requirements for FHA loans. Effective 10/4/10.
- Read our September Compliance Update and register for our upcoming GFE webinar.
- HUD officially raises annual FHA premium and lowers upfront premium, except for HECM.
- Fannie Mae servicers must assign delinquent Florida mortgages to a FNMA attorney for mediation.
- Fannie Mae posts SVC-2010-12: Foreclosure Time Frames and Compensatory Fees for Breach of Servicing Obligations.
- Freddie Mac posts bulletin providing guidance about Property Assessed Clean Energy (PACE) program.
- Fannie Mae announces new requirements for lenders regarding borrowers who got PACE loans before 7/6/10.
- HUD posts ML10-27 for Multifamily mortgagees. Renews policy for eligibility of projects where construction has started.
- Join our next free webinar “Revisiting the GFE: How to Resolve Common Findings” Sept 23 at 12:00 pm MDT.
- Read all 12 QC questions and answers from our webinar.
- Download the slides for today’s webinar “We have a QC Plan… Now what?”
- Learn how to implement your QC plan. Join our free webinar today at 12 pm MDT.
- Freddie Mac updates Selling requirements.
- Fannie Mae identifies Unique Hardships that warrant use of relief provisions.
- Financial Regulators Adopt Guidance on Reverse Mortgage Products.
- Federal Reserve announces final rules to protect mortgage borrowers from unfair lending practices…
- HUD posts ML 10-26 “Further Policy Guidance to Defer Submission of Final Architectural Plans…”
- Fannie Mae updates requirements for undisclosed liabilities and re-underwriting.
- Fannie Mae posts Selling Guide updates (unexpired redemption periods, delivery of repurchased loans, etc.)
- HUD posts ML 10-25, which gives processing instructions for refinancing Cooperative Housing Projects…
- Join our free webinar “We have a QC Plan… Now what?” Aug 19 at 12:00 pm MDT
- VA circular change: breakout of charges should be attached to HUD-1, not on HUD-1 itself.
- HUD ML 10-23 provides guidance regarding enhancements to FHA’s refi program for underwater borrowers.
- FHA eliminates unlimited CLTV ratio for refis and returns to its former CLTV limit for case numbers assigned on/after 9/7/10.
- Read our monthly compliance update and register for our next free webinar “We have a QC Plan… Now what?”
- Freddie Mac reduces dependence on Special Characteristics Codes (SCCs) and other delivery codes.
- Fannie Mae posts miscellaneous servicing policy changes, including retirement of HomeSaver Advance, etc.
- New VA circular: Lenders must include itemization of credits and title service charges.
- VA circular change: Title documentation in Florida.
- Freddie Mac updates Guide and adds new HAMP requirements.
- FNMA: Seller/servicers must instruct mortgage insurers (in writing) to release data to FNMA about its loans.
- FNMA Selling Notice: Area Median Incomes (AMIs) will be available on FNMA’s website no later than 8/23.
- Effective 10/4/10, HUD mortgagees must use new HECM Required Documents for Endorsement list.
- View or print the slides before our webinar starts “Understanding How the LQI Affects You.”
- Obama Signs Financial-Regulation Bill (Dodd-Frank).
- Read the Mortgage Bankers Association’s helpful summary of the Dodd-Frank Act.
- Freddie Mac posts bulletin for guidance about Florida Condominium Effort.
- Senate Passes Sweeping Finance Overhaul.
- Fannie Mae updates FAQ for Loan Quality Initiative (LQI).
- Register for our free webinar “Understanding How the LQI Affects You.” Thurs, July 22 at 12:00 pm MDT.
- Read our monthly compliance update, including webinar Q&A and info about our upcoming LQI webinar.
- Read all 17 questions and answers from our webinar “Common Compliance Findings and How to Prevent Them.”
- HUD posts ML 2010-21. Revises underwriting policies for FHA Multifamily programs.
- National Flood Insurance Program Reauthorized Through September 30, 2010.
- Q&A: Can Brokers provide the Initial TIL Statement? Does “Creditor” mean Broker?
- Senate passes Homebuyer Assistance and Improvement Act to extend homebuyer tax credit.
- Fannie Mae posts Selling Guide Updates and Additional Guidance on Appraisal-Related Policies.
- HUD posts new RESPA interpretive rule: Home Warranty Companies’ Payments to Real Estate Brokers and Agents.
- Freddie Mac announces publication of Freddie Mac Implementation Guide for Loan Delivery Data.
- Freddie Mac posts Industry Letter about problem drywall (guidance and forbearance options).
- FNMA: Effective 7/15, servicers must verify income, liabilities, expenses before granting standard mortgage mod.
- Download the slides from yesterday's webinar "Common Compliance Findings and How to Prevent Them."
- Join our free webinar today at 12 pm MDT “Common Compliance Findings and How to Prevent Them.”
- FNMA removes 5 year option for borrowers with prior foreclosure, so that all borrowers must meet 7 year waiting period.
- VA extends rescission date of Cir. 26-08-5 to 1/1/12: Expansion of types of ownership interests permissible under SAH…
- VA posts new circular requesting servicers to provide relief for borrowers affected by Gulf oil crisis.
- Freddie Mac revises certain eligibility, solicitation and reporting requirements for HAMP Backup Modifications.
- HUD Press Release: Obama Administration Introduces Monthly Housing Scorecard.
- Fannie Mae posts LL-2010-08: Selling Loans during Lapse of National Flood Insurance Program Authority.
- Freddie Mac amends Guide related to PUDs, Relief Refinance Mortgages, interested party contributions.
- HUD posts ML 2010-20. Key provisions and guidance on implementation of Final Rule FR 5356-F-02…
- Fannie Mae Servicers may request reimbursement for HOPE NOW Alliance cases initiated 7/1/10 through 6/30/11.
- Read our June newsletter with compliance updates, webinar Q&A, and Fannie Mae LQI summary.
- Register for our next free webinar: “Common Compliance Findings and How to Prevent Them.” June 24 at 12 pm MDT.
- Federal Reserve Chairman Bernanke speaks about “Economic and financial conditions and the federal budget.”
- From FTC: Countrywide Will Pay 8 Million for Overcharging Struggling Homeowners…
- HUD Solicits Public Comment on Referral Practices to Affiliated Businesses that May Violate RESPA.
- Fannie Mae extends eligibility timeline in LL-2010-04 and clarifies requirements for Alt Mod program.
- FHLMC also implements Home Affordable Foreclosure Alternatives Program. Servicers must have incorporated by 8/1/10.
- Fannie Mae introduces Home Affordable Foreclosure Alternatives Program: simplifies use of short sales and DIL options.
- VA posts Circular 26-10-7 to request that servicers extend forbearance for homeowners with problem drywall.
- HUD posts ML 10-19: lenders may score streamline refis through TOTAL and process, underwrite as streamline refi.
- FTC extends Red Flags Rule enforcement deadline again to 12/31/10.
- FNMA updates Selling Guide: mortgage insurance clarifications, Community Seconds eligibility, title exceptions, etc.
- Fannie Mae servicing notice modifies reference to foreclosure time frames in previous announcement.
- VA posts Cir. 26-10-6: Revised VA Making Home Affordable Program.
- MBA Reacts to Passage of Financial Regulatory Reform
- Don’t forget about today’s free webinar “Red Flags of Fraud” at 12 pm MDT. It’s not too late to register.
- VA can accept HUD/FHA/USDA condo approvals if project approval was dated prior to 12/7/09, but not after.
- HUD posts ML 10-18 updating consolidated P&P guidance on foreclosed properties that had FHA mortgages.
- Administration Releases April Loan Modification Report, Announces New Servicer Performance Measures.
- Freddie Mac posts Bulletin 2010-11: “Freddie Mac HAMP Backup Modification.”
- HUD Secretary Donovan Announces New Direction for HUD through Agency’s Strategic Plan.
- Be prepared for the FTC’s Red Flags Rule: Register for our free webinar “Red Flags of Fraud” on May 20 at 12 pm MDT.
- Read our May newsletter: Get compliance updates, a summary of the FHA Final Rule, register for “Red Flags of Fraud.”
- ML 10-17: HUD will only order lead-based paint evaluation for HUD REO properties constructed before 1978... http://bit.ly/9AXwVd
- Fannie and Freddie post announcements about Property Assessed Clean Energy Loans. FNMA: http://bit.ly/cZqHYS FHLMC: http://bit.ly/aEIASe
- Fannie Mae updates Selling Guide: ARM qualifying rate, interest-only eligibility requirements, etc.
- Federal Financial Regulatory Agencies Issue Final Guidance on Correspondent Concentration Risks.
- Agencies Release Revised Bank Secrecy Act/Anti-Money Laundering Examination Manual.
- Fannie Mae updates 2 parts of Servicing Guide: Delinquency management, Foreclosures. http://bit.ly/9CGLYH
- House Approves Bill on USDA Housing; House Financial Services Committee Passes Bills on Flood Insurance, FHA Reform. http://bit.ly/cAF6Mh
- Fannie Mae Extends 3.5 Percent Seller Assistance on its Real Estate Owned Properties. http://bit.ly/ciXFaF
- VA extends rescission dates of 2 circulars: Loan Mods Under VALERI and VA Acceptance of Homebuyer Assistance Programs. http://bit.ly/7Esfwo
- Federal Reserve Board to hold four public hearings on Home Mortgage Disclosure Act. http://bit.ly/a8Hetm
- Freddie Mac announces new Reimbursement System for submitting expense reimbursement requests. http://bit.ly/bdgi3D
- Check out the slides from today’s webinar: “Managing Your Early Payment Default Risk.” http://bit.ly/azXm5c
- Join our webinar today at 12 pm MDT: “Managing Your Early Payment Default Risk.” It’s not too late to register. http://bit.ly/bnZSEB
- HUD posts ML 10-16. Describes FHA’s centralizing of mortgagee compliance under one contractor. http://bit.ly/cmaAX4
- HUD posts ML 10-15. Provides guidance on ordering FHA case numbers and selecting FHA Roster appraisers. http://bit.ly/9ipdbP
- For a limited time, we’ll review your QC plan for free and recommend any needed changes to comply with new regulations. http://bit.ly/9JUIMd
- FHA publishes the official Final Rule in the Federal Register. Effective date: 5/20/10. http://bit.ly/bO1QPP
- NAMB Commends HUD on Approval Eligibility Final Rule. http://bit.ly/boE0hA
- FNMA adjusts underwriting criteria for borrowers who have experienced a “preforeclosure event.” Reduces waiting period. https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2010/sel1005.pdf
- FHA publishes an advance copy of the final rule that will strengthen risk management. http://bit.ly/acErFJ
- Obama Administration Seeks Public Input on Reform of the Housing Finance System (HUD press release). http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-078
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FHA Quality Control | Mortgage Compliance Services | Mortgage Compliance Resources
