Freddie Mac issued Bulletin 2018-5 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac: increased the maximum LTV/TLTV/HTLTV ratios for purchase and “no cash-out” refinance mortgages for second homes and 2-unit primary residences; revised requirements for condominium unit mortgages (including elimination of the project review type for 2- to 4-unit condominium projects); now permits an attorney’s opinion of title for mortgages secured by units in a planned unit development; revised Exhibit 4 (Single-Family Uniform Instruments) to align with updates made to the Texas Home Equity Uniform Instruments; revised Exhibit 5 (Authorized Changes to Notes, Riders, Security Instruments and the URLA) to align with updates made to the Maine MERS Mortgage Assignment; and updated Guide Form 989SF (Certificate of Incumbency for a Limited Partnership). The elimination of the project review type for 2- to 4-unit condominium projects becomes effective June 28, 2018. All other updates are effective immediately.
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
