Freddie Mac issued Bulletin 2016-23 (Bulletin), updating the Selling Guide. This Bulletin: revises requirements with respect to assets, including down payment, closing costs and reserves; permits a borrower seeking a Home Possible Mortgage to have an ownership interest in other residential property under certain circumstances; extends the effective date of the income qualification revisions announced in Bulletin 2016-19 until July 6, 2017; extends the expiration date of the Freddie Mac Relief Refinance Mortgage – Same Servicer, and Relief Refinance Mortgage – Open Access offerings; updates Forms 16SF and 1107SF; and announces the availability of Spanish translations for certain forms (including TRID disclosures, IRS Form W9 and the Written List of Service Providers).
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
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
June 4, 2025
