Fannie Mae Discontinues Property Inspection Waiver Fee
December 1, 2016
Fannie Mae announced that it will no longer charge a fee to exercise a property inspection waiver (PIW). The process for exercising a PIW offer
Fannie Mae and Freddie Mac Increase Maximum Conforming Loan Limits for 2017
November 28, 2016
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017. The 2017 maximum
Fannie Mae Issues Reverse Mortgage Servicing Announcement RVS-2016-02
November 11, 2016
Fannie Mae issued Reverse Mortgage Servicing Announcement RVS-2016-02 (Announcement). The Announcement updates the Reverse Mortgage Loan Servicing Manual to require a servicer to submit its
Fannie Mae Issues Servicing Guide Announcement SVC-2016-10
November 11, 2016
Fannie Mae issued Servicing Guide Announcement SVC-2016-10 (Announcement). The Announcement: updates deadlines for submitting expense reimbursement requests; establishes additional property preservation repair descriptions and expense
Fannie Mae Introduces New Desktop Underwriter Validation Service
November 8, 2016
Fannie Mae recently introduced Desktop Underwriter (DU) Validation, a service that impacts various Quality Control requirements. For lenders that opt-in to the new DU validation
Fannie Mae and Freddie Mac Issue Implementation Guidance and Update for Upcoming Redesigned Uniform Residential Loan Application
November 4, 2016
Fannie Mae and Freddie Mac issued an Implementation Guidance and Update (Update) for the upcoming redesigned Uniform Residential Loan Application (URLA). The Update announces a
Freddie Mac Revises Income Qualification Requirements
November 1, 2016
Freddie Mac issued Guide Bulletin 2016-19 revising Freddie Mac’s income qualification requirements and guidance. The revisions provide additional requirements and guidance on matters that impact
Fannie Mae Issues Selling Guide Announcement SEL-2016-08
October 25, 2016
Fannie Mae issued Selling Guide Announcement SEL-2016-08 (Announcement). The Announcement: introduces a new optional DU validation service for income; permits the waiver of appraisal requirements
Fannie Mae Issues Servicing Guide Announcement SVC-2016-09: Servicing Guide Updates
October 20, 2016
Fannie Mae issued Servicing Guide Announcement SVC-2016-09 (Announcement). The Announcement: updates servicer responsibilities related to cancelling property insurance and managing property following a foreclosure sale;
Fannie Mae and Freddie Mac Publish Support Documents for Upcoming Redesigned Uniform Residential Loan Application
September 22, 2016
Fannie Mae and Freddie Mac published supporting documents for the upcoming redesigned Uniform Residential Loan Application (URLA). The new support documents include a Dynamic URLA,
