Fannie Mae issued Lender Letter LL-2022-01: Loan-Level Price Adjustments (LLPAs). The LLPAs apply to second homes and high balance mortgage loans. In addition, Fannie Mae
VA issued Circular 26-22-01 (Circular), describing measures mortgagees may employ to provide relief to Colorado home loan borrowers affected by wildfires and straight-line winds. The
FHA issued Mortgagee Letter 2021-31, updating the effective date for the transition of the Single Family Default Monitoring System (SFDMS) from FHA Connection to FHA
VA issued Circular 26-21-27 to extend the suspension of property inspection requirements for COVID-19 forbearance cases. On June 8, 2020, VA issued Circular 26-20-21 suspending
VA issued Circular 26-21-27 to extend the suspension of property inspection requirements for COVID-19 forbearance cases. On June 8, 2020, VA issued Circular 26-20-21 suspending
VA issued Circular 26-21-26 to clarify the funding fee determination for borrowers purchasing or constructing a home with a 5% or 10% down payment. Per
Fannie Mae issued Selling Guide Announcement SEL-2021-11 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: modified the definition of principal
Freddie Mac issued Bulletin 2021-38 (Bulletin) establishing temporary review requirements for certain condominium and cooperative share projects. Per the Bulletin, Freddie Mac established temporary project
VA issued Circular 26-21-23 (Circular), describing measures mortgagees may employ to provide relief to home loan borrowers affected by severe storms, straight-line winds, flooding, and
The CFPB issued the 2021 LIBOR Transition rule (Rule) amending the Truth in Lending Act (TILA) to address the sunset of LIBOR (which is expected
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