This topic consolidates all announcements, newsletters, bulletins, handbook/guide updates, and general news coming from FHFA, Fannie Mae, FHA, Freddie Mac, GNMA, RHS, and VA.
This Advisory Bulletin communicates the rating system to be used when assessing the Enterprises for fair lending, fair housing, and equitable housing compliance.
The Department of Veterans Affairs is publishing this circular to provide clarity regarding the impact of a Federal Government shutdown on new and existing VA guaranteed home loans.
Search our Compliance Calendar for current regulatory changes & updates.
The USDA announced that RD Instruction 1944-I is being updated to correct and update miscellaneous information and add guidance related to unliquidated obligations.
The UMDP has enhanced data quality and consistency in property data collection for the GSEs.
Fannie Mae has published FAQs addressing questions about standard single- and multi-width MH and MH Advantage underwriting.
The USDA Single Family Housing Guaranteed Loan Program has announced revisions to technical Handbook-1-3555, Chapter 9, Income Analysis, and Chapter 10, Credit Analysis and Handbook 1-3560, Table of Contents, and Chapter 15 Attachments.
"ACES has shined a light on our productivity and empowered us to hold our teams accountable."
- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
Fannie Mae has announced "Strategies for Healthy Credit", their new credit course for Spanish-speaking borrowers.
The Uniform Appraisal Dataset, UAD, and Forms Redesign team has released additional documentation to support ongoing implementation efforts to supplement the initial documentation released in March 2023.
Ginnie Mae announced the revision to pooling eligibility requirements for Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS).
On October 1, 2023, the new ineligible area maps for the Rural Development Single Family Housing (SFH) and Multi-Family Housing programs will be updated to the USDA Income and Property Eligibility Site at https://eligibility.sc.egov.us.
"By partnering with ACES, we have witnessed an overall improvement in the quality of our reviews."
-Hilda Melendez, Quality Control Systems Director at Lennar Mortgage
Fannie Mae announced that during the weekend of September 23, 2023, they will implement Release 29.2, which includes the changes and enhancements described below for Asset Management Network (AMN)/HomeSaver Solutions™ Network (HSSN).
The purpose of this Circular is to remove the “Pricing Sheet” from the stacking order for loans selected for FFLR.
The FHA has announced an enhancement in the FHA Catalyst: Claims Module that enables bulk submissions of supplemental claims, including supporting and required documentation that allows users to no longer be required to individually submit supplemental claims.
Fannie Mae has issued a Fraud Alert involving loans originated in suburban Atlanta, GA that have misrepresented borrower profiles in multiple loans that indicate identity theft and have allowed perpetrators to make off with large sums of money at closing.
