VA revised chapters 2, 7, 8 and 15 of the Servicer Handbook (M26-4). Chapter 2 was revised to provide clarification on: the Event Administrator feature;
The Maine Bureau of Consumer Credit Protection and the Bureau of Financial Institutions have repealed and readopted a joint rule regulating alternative mortgage transactions. The
FHA issued Mortgagee Letter 2016-12. The Mortgagee Letter revises the maximum fee that may be charged by an FHA-approved 203(k) consultant for a draw inspection.
Fannie Mae updated the Evaluation Notice Model Clause exhibit and the solicitation letters for the Streamlined Modification and the Streamlined Modification Post Disaster Forbearance. The
Freddie Mac announced updates to the Massachusetts Housing Finance Agency’s (MHFA) Mortgage Insurance Fund forms. On or after October 1, 2016, lender’s selling mortgages with
VA issued Circular 26-16-12 (Circular). The Circular describes measures mortgagees may employ to provide relief to home loan borrowers affected by a natural disaster, such
The US Department of Treasury, the US Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) released a joint paper
Fannie Mae issued Lender Letter LL-2016-04. The Lender Letter updates the MassHousing Mortgage Insurance Fund’s loan loss reserve agreement and other forms. The Lender Letter
Fannie Mae issued Selling Guide Announcement SEL-2016-05 (Announcement). The Announcement updates the HomeReady mortgage loan product. The updates: allow an occupant borrower of a HomeReady
HUD issued Mortgagee Letter 2016-11. The Mortgagee Letter sets forth FHA policy on using FHA insurance on new Title II forward mortgages for single family
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