Fannie Mae revised the District of Columbia Security Instrument Form (Form 3009). The revision to the District of Columbia Security Instrument increases clarity to paragraph
FHA issued Mortgagee Letter 2023-13 requiring the use of Fannie Mae/ Freddie Mac Form 1103 (Supplemental Consumer Information Form) for mortgage originations. Per the Mortgagee
Freddie Mac issued Bulletin 2023-14 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to Resolve are effective August
Freddie Mac issued Bulletin 2023-13 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: The HeritageOne Mortgage offering is available October
Fannie Mae issued Selling Guide Announcement SEL-2023-05 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions of temporary interest rate
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2023 AMIs
VA issued Circular 26-23-10 (Circular), clarifying assumption procedures and republishing assumption stacking orders. Per the Circular, VA clarified assumption procedures and republished the stacking order
Fannie Mae issued a Selling Notice (Notice) announcing the effective date for recently revised appraisal photo requirements. On March 1, 2023, Fannie Mae issued Selling
FHA issued Mortgagee Letter 2023-11 clarifying loss mitigation options for non-borrowers who acquire title through a transfer that exempts the borrower’s mortgage from being called
Freddie Mac issued Bulletin 2023-12 (Bulletin), rescinding the debt-to-income (DTI) ratio-based credit fee for certain mortgages with borrowers with DTI ratios above 40%. The credit
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