Fannie Mae issued Servicing Guide Announcement SVC-2016-08 (Announcement). The Announcement: updates the Foreclosure Time Frames and Compensatory Fee Allowable Delays exhibit; amends the Servicing Guide
Fannie Mae issued Reverse Mortgage Servicing Announcement RVS-2016-01 (Announcement). The Announcement updates the Reverse Mortgage Loan Servicing Manual to no longer require that, for HECMs,
Fannie Mae issued Selling Guide Announcement SEL-2016-07 (Announcement). The Announcement: incorporates references to the impasse, management escalation, and independent dispute resolution processes available to lenders;
Fannie Mae extended the expiration date of the DU Refi Plus program and the Refi Plus program. The new expiration date is September 30, 2017
Fannie Mae announced a newly redesigned Uniform Residential Loan Application (URLA) along with a corresponding standardized Uniform Loan Application Dataset (ULAD) Mapping Document. The redesigned
Fannie Mae issued Servicing Guide Announcement SVC-2016-07 (Announcement). The Announcement: sets forth the Independent Dispute Resolution (IDR) process for servicing breaches under the remedies framework
Fannie Mae updated the Evaluation Notice Model Clause exhibit and the solicitation letters for the Streamlined Modification and the Streamlined Modification Post Disaster Forbearance. The
Fannie Mae issued Lender Letter LL-2016-04. The Lender Letter updates the MassHousing Mortgage Insurance Fund’s loan loss reserve agreement and other forms. The Lender Letter
Fannie Mae issued Selling Guide Announcement SEL-2016-05 (Announcement). The Announcement updates the HomeReady mortgage loan product. The updates: allow an occupant borrower of a HomeReady
Fannie Mae issued Servicing Guide Announcement SVC-2016-06 (Announcement). The Announcement: establishes servicer responsibility for monitoring a post- foreclosure bankruptcy attorney (based on the timing of
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
Hawaii passed a bill amending the state’s nonjudicial power of sale foreclosure laws by adding 2 new sections to Chapter 667 (Foreclosures). Under the bill,
Oklahoma passed a bill amending breach of security requirements. Under the bill, a requirement was added that individuals and entities that own or license personal
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