Fannie Mae issued Lender Letter LL-2019-06, amending income eligibility requirements for HomeReady loans. Per the Lender Letter, to be eligible for a HomeReady loan, a
Fannie Mae issued Servicing Guide Announcement SVC-2019-04 (Announcement), clarifying eligibility and documentation requirements related to partial lien releases. Per the Announcement: An appraisal is now
Fannie Mae and Freddie Mac, at the direction of the Federal Housing Finance Agency (FHFA), delayed the optional use period for the redesigned Uniform Residential
Fannie Mae issued Lender Letter LL-2019-05, restricting the purchase of LIBOR ARMs due to the anticipated discontinuance of the LIBOR index in 2021. Per the
Fannie Mae issued Selling Guide Announcement SEL-2019-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae has transitioned to Loan Quality
Fannie Mae issued Lender Letter LL-2019-1 (Lender Letter), providing guidance related to the federal government shutdown. The Lender Letter clarifies Fannie Mae’s expectations and requirements
Fannie Mae issued Lender Letter LL-2019-2 (Lender Letter), establishing a 2 month minimum reserve requirement for borrowers impacted by the federal government shutdown (Shutdown). Per
Fannie Mae issued Lender Letter LL-2018-06, providing guidance related to the federal government shutdown. The Lender Letter sets forth temporary guidance with respect to selling
Fannie Mae issued Servicing Guide Announcement SVC-2018-10 (Announcement), setting forth amendments to foreclosure time frames and Fannie Mae’s compensatory fee process. Per the Announcement, Fannie
Fannie Mae issued Servicing Guide Announcement SVC-2018-09 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae: updated policies related to property
Freddie Mac issued Bulletin 2025-7 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to Uniform Appraisal Dataset (UAD
Freddie Mac issued Bulletin 2025-8 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to information security are effective
Nevada passed a bill enacting the Uniform Mortgage Modification Act (UMMA). Per the bill, the UMMA was enacted to set forth the effect of a
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