Freddie Mac issued Bulletin 2017-16 (Bulletin), announcing revisions to selling requirements for mortgage loans secured by properties affected by Hurricane Harvey. Pursuant to the Bulletin,
Fannie Mae issued Selling Guide Announcement SEL-2017-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, lenders must use the new Fannie Mae/Freddie
Fannie Mae issued Lender Letter LL-2017-04, providing additional underwriting flexibility for mortgage loans impacted by Hurricane Harvey. In accordance with the Lender Letter, Fannie Mae
Freddie Mac issued Guide Bulletin 2017-15 (Bulletin), setting forth selling and servicing updates to the Single-Family Seller/Servicer Guide. Per the Bulletin, sellers and servicers must
FHA issued Mortgagee Letter 2017-12, setting forth revised initial and annual mortgage insurance premiums (MIP) and principal limit factors for home equity conversion mortgages (HECMs).
FHA issued Mortgagee Letter 2017-13, announcing an extension of the temporary condominium project approval policy requirements issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27,
RHS issued an announcement outlining relief measures loan holders and loan servicers should implement to assist borrowers affected by Hurricane Harvey. The measures include the
The CFPB announced its annual adjustments to the HOEPA and ATR/QM thresholds in the Truth-in-Lending Act (TILA). With respect to HOEPA loans, the adjusted total
RHS issued a notice reminding lenders of their responsibility prior to closing a loan for a borrower affected by Hurricane Harvey. Pursuant to the announcement,
Mortgage Servicing Quality Control Notable Audit Findings: April – June 2017 Over 20,000 mortgage servicing Quality Control audit findings involving of over 1,800 separate and
Iowa passed a bill enacting provisions with respect to mortgage trigger leads. Under the bill, a financial institution may not use an unfair or deceptive
Idaho amending signature requirements with respect to homestead property. Under the bill, the homestead of a married person cannot be conveyed or encumbered by a
Maryland passed a bill requiring an assumption provision be included in a conventional home mortgage loans. Under the bill, a conventional home mortgage loan must
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
