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
VA issued Circular 26-16-18 (Circular) setting forth origination and loan processing requirements for VA loans when a property is subject to PACE obligations. Properties that
Quality Control for Origination Classroom Course Thursday, August 25 – Friday, August 26, 2016 | Chicago, IL In today’s highly regulated and scrutinized mortgage environment,
HUD issued Mortgagee Letter 2016-10. Under the Mortgagee Letter, the compounding interest rate (commonly referred to as the growth rate) used when calculating the servicing
Freddie Mac issued Guide Bulletin 2016-13 (Bulletin). The Bulletin: provides servicers additional flexibility when filing for relief from the automatic stay of bankruptcy; removes the
Fannie Mae issued Servicing Guide Announcement SVC-2016-06 (Announcement). The Announcement: establishes servicer responsibility for monitoring a post- foreclosure bankruptcy attorney (based on the timing of
Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2016 HomeReady income limits will be available
Hawaii Amends Secure and Fair Enforcement for Mortgage Licensing Act and Mortgage Servicers Act Hawaii passed a bill amending the Secure and Fair Enforcement for
The Federal Housing Administration (FHA) published updates to its Single Family Housing Policy Handbook 4000.1 (SF Handbook), and launched a number of updated training and
VA updated Circular 26-14-36 (Circular). Under the updated Circular, credit report invoice requirements announced on the original Circular 26-14-36 are clarified, the term“HUD-1” on the
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