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EarlyCheck Version 2.4 Implemented
Describes enhancements in EarlyCheck Version 2.4 that were implemented the weekend of April 12, 2014.
Announcement SEL-2014-03
The update contains changes or clarifications pertaining to property eligibility and appraisal requirements, a new MERS Rider, and other updates.
ULDD Phase 3 Update
Provides an update on the Uniform Loan Delivery Dataset (ULDD) Phase 3 specification and implementation.
New Way to Access Selling Guide Now Available
A web-based version of the Selling Guide is now available on this site. Navigation is simpler and the searach engine now provides direct links to Guide information.
Selling/Servicing Notice
Fannie Mae is substituting indexes based on LIBOR rates published in The Wall Street Journal for the discontinued Federal Reserve Board CD rates. Also, two standard ARM Plans based on the discontinued index are retired, effective immediately. The updated Standard ARM Plan Matrix is available on this website.
New Quarterly Compass (Volume 4) Now Available
Provides updates on the Uniform Closing Dataset (UCD), EarlyCheck April release, Appraisal Quality Monitoring (AQM) process, Uniform Collateral Data Portal (UCDP), and more. See page 2 (the Compass Extra) for a 2013-2014 calendar of key policy and technology changes in an at-a-glance view, plus a list of frequently used contacts.
Reminder: Annual Certifications and Financial Statements Due for Most Lenders
As a reminder, Fannie Mae lenders are required to submit their audited financial statements and Form 582 Lender Record Information and Certification within 90 days of their fiscal year-end. For lenders that ended their fiscal year on Dec. 31, the required submissions are due by March 31.
Announcement SEL-2014-02
Announcement reposted with a clarification update.
February 2014 Uniform Collateral Data Portal Release Notification and Uniform Appraisal Dataset Update
Provides information on July 2014 Uniform Collateral Data Portal (UCDP) updates and reminders on submissions of appraisals to UCDP.
Updates to Fannie Mae-Approved Mortgage Insurers
Fannie Mae has approved the acquisition of CMG Mortgage Insurance Company (CMG) and its affiliates by Arch U.S. MI Holdings, Inc. Until further notice, the MI Code and ULDD Enumerated Value used to identify loans insured by CMG remain unchanged. Fannie Mae has removed from the approved mortgage insurer list three affiliate companies of three of Fannie Mae’s approved mortgage insurers.
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