Compliance Calendar

Freddie Mac announces updates for affordable lending, desktop appraisals, property insurance, credit fees, and the age of tax returns in this bulletin.

This selling guide update helps to provide equitable and sustainable access to housing by expanding the use of site-built homes as comparable sales for MH Advantage® homes, and making enhancements to support borrowers with nontraditional credit, promotes safe and responsible lending by implementing new eligibility requirements for cash-out refinance transactions and makes several miscellaneous updates.

Fannie Mae has updated LL-2022-05, Updates to Loan-level Price Adjustments, to include details about the removal of the requirement for Special Feature Code (SFC) 873. Lenders can stop delivering SFC 873 as Fannie Mae's internal pricing system will determine when the waiver applies for whole loans delivered and purchased on and after March 1 and loans delivered into March 1 issue MBS pools beginning Feb. 1.

In this mortgagee letter, HUD announced they are eliminating all paper claim submission options for insurance claims on FHA Title II Single Family Mortgages, effective by March 1, 2023.

Procedure Notice PN 575 announces updates to HB-1-3555 Chapters 18, Paragraph 18.15B–COVID-19 Public Health Emergency and Attachment 18C–Acceptable State Liquidation Costs and Fees.

HUD has corrected and republished Mortgagee Letter 2023-02 expansion of the COVID-19 Recovery Loss Mitigation Options implemented on January 30, 2023.

In this lender letter, Fannie Mae announced that the sale of loans aged six months or less is now a permanent policy, retiring the verification of employment and temporary eligibility requirements for purchase and refinance transactions policies.

In this bulletin, Freddie Mac announced the expiration of the remaining temporary COVID-19-related underwriting requirements and updates on mortgage purchase eligibility.

Fannie Mae has released this FAQ to answer questions about the Positive Rent Payment History feature added to Desktop Underwriter (DU) with the DU V. 11.0 September Update.