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.
Fannie Mae has released a guide on how to get the most from your quality control program.
Fannie Mae released 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.
Search our Compliance Calendar for current regulatory changes & updates.
The GSEs announced they will update the Uniform Loan Delivery Dataset (ULDD) to align with current GSE requirements and support the continued improvement of our loan delivery standards.
The new ineligible area maps for the Rural Development Single Family Housing and Multi-Family Housing programs will be updated to the USDA Income and Property Eligibility Site effective October 1, 2023.
This notice provides the fiscal year 2024 fee structures and issuance of conditional commitments for the Single-Family Housing Guaranteed Loan Program.
The Federal Housing Administration has issued a waiver to a requirement that FHA-approved mortgagees flag rejected loans in the FHA Connection (FHAC) system.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
Fannie Mae has published a Frequently Asked Questions document for Project Standards Requirements to provide responses to common questions related to Fannie Mae’s project review methods and policies for determining project eligibility for mortgages secured by units in condo, co-op, and planned unit development (PUD) projects.
In this bulletin, Freddie Mac announced changes to student loan payment amounts included in the debt payment-to-income (DTI) ratio and refinance mortgage.
Fannie Mae and Freddie Mac are announcing that the Uniform Closing Dataset (UCD) Phase 3B critical edits that limit the fee enumerations allowed in three sections of the Closing Disclosure (CD) will not turn critical/fatal on November 6, 2023, and components intended to provide relief to customers who are experiencing high failure rates for edits validating fees in the noted sections and advise that all other Phase 3B critical edits will transition to critical/fatal as planned on Nov. 6, 2023.
This Selling Guide announcement clarifies requirements for personal gifts and gifts of equity, clarifies property eligibility and comparable sale requirements for 3D printed homes, updates the policy for using income earned from a trust towards qualifying, and includes other miscellaneous updates.
Automated compliance tests to ensure compliance on more loans in less time
USDA PN 590 includes changes to RD Instruction 1902-A, Forms RD 449-30, 4281-6, 4281-14, 5001.11A, 5001.11B and 5001.11D.
Fannie Mae has released this document to summarize recent Selling Guide, Servicing Guide, and related policy updates, clarifications, or other supporting communications for 2023.
MBA Newslink
This week's MBA includes information about banking regulators proposing long-term debt requirements for large banks, and the MBA joins a coalition reiterating the need for a public process on VASP and much more.
Fannie Mae announced changes to its Master Servicing processes and systems effective August 30, 2023.
