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.
The purpose of this Dear Lender Letter (DLL) is to update the Section 184 program Eligible Lending Areas and provide 2023 Maximum Loan Limits for these newly approved Section 184 Eligible Lending Areas.
The USDA has concluded a review of communities listed for review of eligibility for rural housing programs and published the updated map.
Search our Compliance Calendar for current regulatory changes & updates.
Fannie Mae has published DUS 360® Release Notes – Release 23.2, which includes new features to DUS 360®.
The Federal Housing Administration (FHA) published the proposed rule to the Modernization of Engagement with Mortgagors in Default to update the Department of Housing and Urban Development’s (HUD) current regulation (24 CFR 203.604) that requires mortgagees to meet in person with borrowers who are in default on their mortgage payments.
Fannie Mae released the Servicer Onboarding: Investor Reporting Training Plan to provide materials to meet the servicer's institution's specific needs.
The GSEs have worked together to develop the Uniform Property Dataset (UPD) to enhance data quality and consistency in property data collection.
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The USDA Single-Family Housing Guaranteed Loan Program (SFHGLP) has updated its guidance for loan servicers concerning the Default Status Reason Codes for Electronic Status Reporting (ESR) to better align the SFHGLP with their stakeholders and the mortgage industry.
On July 24, 2023, Fannie Mae released an EarlyCheck Enhancements overview that provides this year’s previous, current, and upcoming EarlyCheck updates in an easy-to-read format in an all-in-one document.
Procedure Notice PN 588 announces that USDA has updated Handbook 1-3550. 1-3555 and 1-3565.
Fannie Mae published its Property 360 Expense Reimbursement ExPO-P360-2.7.0 effective July 20, 2023.
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FHA has published a proposed rule that would revise and clarify investing lender's and investing mortgagee's requirements and expansion of government-sponsored enterprises definition.
On August 8, 2023, Freddie Mac's updates to Loan Closing Advisor® edits and feedback messages related to Uniform Closing Dataset (UCD) Critical Edits will be in production.
Fannie Mae has released its IP (Internet Protocol) Address Restrictions frequently asked questions document that responds to common questions about IP address restrictions.
Procedure Notice PN 587 announces that USDA has completely revised HB-1-3550 Appendix 9 and HB-1-3555 Appendix 5 to update the income limits for the Section 502 loan program.
