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 published a frequently asked question for Lender Record Information (Form 582) needed to verify if the seller/servicer continues to meet basic eligibility requirements and certifications in compliance with Fannie Mae’s requirements.
Fannie Mae announced that effective August 24, 2023, the Attorney Authorization Approval (AAA) Matrix has moved from the Inquiry Response Tool (IRT) to Property 360 and implemented a new edit message: Target Review - Supporting Documentation Required.
Search our Compliance Calendar for current regulatory changes & updates.
This announcement outlines relief measures that holders and/or loan servicers of USDA Single Family Housing Guaranteed Loan Program mortgages should implement to assist USDA Rural Development borrowers affected by the Maui Wildfires.
The Federal Housing Finance Agency has issued this Advisory Bulletin as supplemental guidance to FHFA Advisory Bulletin 2021-03, Framework for Adversely Classifying Loans, Other Real Estate Owned, and Other Assets and Listing Assets for Special Mention, to clarify FHFA’s existing guidance and applies to Fannie Mae and Freddie Mac.
This VALERI Servicer Newsflash announces updates to the VALERI Servicer User Guide and provides information on VA Circulars, VALERI user deactivation, and Fiscal Year 2023 end-of-year close out.
The purpose of this Circular is to update servicers of VA-guaranteed loans on how to assist borrowers following the termination of the National Emergency Concerning the Novel Coronavirus Disease 2019 (COVID-19) Pandemic, specifically, updates regarding VA’s COVID-19 Home Retention Waterfall and VA’s temporary home retention options, loan deferment, and COVID-19 Refund Modification.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
This VA circular advises stakeholders that VA Form 26-8736, Application for Authority to Close Loans on the Automatic Basis – Non-Supervised Lenders, was revised and to introduce a new form, VA 26-8736c, Request for Agent Recognition.
The purpose of this Circular is to announce changes to the VA’s procedural requirements regarding the VA Fee Appraiser’s responsibility to gain interior access for liquidation appraisal assignments when the subject property is occupied.
Fannie Mae has published this update to advise borrowers with local or state benchmarking requirements on how to submit their 2022 energy performance metrics in 2023.
FHA has published frequently asked questions that address Mortgagee Letter 2023-15, Modifications to FHA Home Equity Conversion Mortgage (HECM) Requirements Related to Secretary Payment of Borrower Disbursements Due to Mortgagee Default, and regarding late payment of mortgage insurance premiums (MIP) for HECMs.
"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 and published frequently asked questions about delivering Manufactured Housing Loans to Fannie Mae for both standard single- and multi-width MH and MH Advantage underwriting.
In this circular, the VA expresses concerns about VA mortgage loan borrowers affected by the Hawaii Wildfires and reminds mortgage servicers and borrowers alike to review VA’s Guidance on Natural Disasters to ensure Veterans receive the assistance they need.
In this bulletin, the USDA outlines relief measures that holders and/or loan servicers of USDA Single Family Housing Guaranteed Loan Program (SFHGLP) mortgages should implement to assist USDA Rural Development (RD) borrowers affected by the Maui Wildfires.
The Federal Housing Administration (FHA) has published a reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECM) in locations in the U.S. and its territories where the President has declared a major disaster area.
