California passed a bill enacting foreclosure provisions with respect to successors in interest. Under the bill, if a person claiming to be a successor in
FHA issued Mortgagee Letter 2017-07, indefinitely suspending the reduction of annual Mortgage Insurance Premium rates announced in Mortgagee Letter 2017-01. Click here to view the
Fannie Mae issued Servicing Guide Announcement SVC-2017-01, setting forth updates to the Servicing Guide. The Servicing Guide updates: incorporate new investor reporting requirements; retire the
FHA adopted rules amending the Home Equity Conversion Mortgage (HECM) program. The adopted rules: implement statutory changes; codify policies previously implemented by Mortgagee Letters under
FHA issued Mortgagee Letter 2017-06, updating the servicing section of the Single Family Housing Policy Handbook with respect to Property Assessed Clean Energy (PACE) obligations.
FHA issued Mortgagee Letter 2017-05, consolidating and updating policy regarding the submission of Home Equity Conversion Mortgage (HECM) Claim Type 22 assignment requests. The Mortgagee
VA issued Circular 26-17-01, requiring lenders to electronically submit prior approval loan packages. Currently, lenders mail prior approval loan packages to the applicable VA Regional
To identify frequently occurring mortgage Quality Control audit exceptions, TENA analyzed the findings from thousands of Production QC audits it completed during the third quarter
FHA issued Mortgagee Letter 2017-01, reducing the annual mortgage insurance premium (MIP) rates for most Title II forward mortgages. Under the Mortgagee Letter, the new
FHA revised several forms that support FHA’s pre-foreclosure sale policy. The revised forms are: Form HUD-90035, Information Sheet, Pre-foreclosure Sale Procedure; Form HUD-90041, Request for
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