Compliance Calendar

In this bulletin, Freddie Mac announced updates to asset and income modeler (AIM) for Direct Deposit, credit underwriting for non-occupying borrowers, assumed mortgages, and information security and privacy.

This Guide Bulletin announces:

• HeritageOne℠ Mortgages
  • The introduction of the new HeritageOne Mortgage offering – October 2, 2023
• Asset and income modeler (AIM) for income using direct deposits
  • An enhancement to AIM to allow a Borrower’s paystub to be included in the Loan Product Advisor^® assessment
• Manufactured Homes – September 11, 2023
  • Expanded eligibility for single-wide Manufactured Homes
  • Revised appraisal requirements
• Guide Form 400, Warranty of Completion of Construction
  • Updates to Form 400 for clarity
• Cash-specified payups
  • New cash-specified payup types for 10-,15-, 20- or 30-year fixed-rate Mortgages – June 5, 2023
• 2023 Area Median Income limits
  • Updated Area Median Income limits – June 8, 2023
• Additional Guide updates
  • Further updates as described in the Additional Guide updates section of this Bulletin

On June 27, 2023, Fannie Mae published a list of common questions about the features, requirements, and benefits of the RefiNow™ mortgage, an affordable refinancing option aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs.

Procedure Notice PN 585 announces updates to INS-440.1 exhibit B, HB-1-3555 Chapter 8 and HB-1-3555 Chapters 5, 13, 15, and Appendix 4.

This Bulletin announces the replacement index that servicers must use for Freddie Mac-owned loans indexed to LIBOR after June 30, 2023.

This Notice announces the replacement index that servicers must use for Fannie Mae-owned loans indexed to LIBOR after June 30, 2023.