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,
VA issued Circular 26-16-24 (Circular). The Circular provides clarification of the documents required to properly provide clear and marketable title for mobile homes conveyed to
Massachusetts adopted rules amending the Mortgage Lender and Broker Laws (MLBL). Under the adopted rules: the exemption status for subsidiaries and affiliates of depository institutions
Texas adopted rules amending the Secondary Mortgage Loan Act. The adopted rules: require applicants for a lender or broker license to pay a fee for
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;
FHA issued Mortgagee Letter 2016-14. The Mortgagee Letter informs mortgagees of updated procedures for the evaluation and use of FHA’s loss mitigation home retention options,
FHA issued Mortgagee Letter 2016-13. The Mortgagee Letter extends the temporary condominium project approval policy provisions issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27
FHA issued a reminder regarding the 90-day foreclosure moratorium for properties located in a presidentially-declared major disaster area. In light of the recent Presidentially-Declared Major
Freddie Mac extended the expiration date of the Relief Refinance Mortgage program. The new expiration date is September 30, 2017 (rather than December 1, 2016).
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
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