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
Looking for the Mortgage Products Page?
It’s moved! As we continue to seek to improve the visitor experience and consolidate resources, we have moved the Mortgage
Product page from the top navigational bar to a link on the Originating and Underwriting page. Both of these pages have been
redesigned based on feedback to provide you streamlined access to your content.
UCDP January 26 Release Reminder
On Jan. 26, 2014, Fannie Mae and Freddie Mac (the GSEs) will be implementing the second phase of the conversion of current
Uniform Appraisal Dataset (UAD) compliance warning edits to fatal UAD edits in the Uniform Collateral Data Portal (UCDP).
The Announcement limits the priority of regular common expense assessments for mortgages secured by units in certain condo
and planned unit development projects to no more than six months over Fannie Mae’s mortgage lien.
In Selling Guide Announcement SEL-2013-09, Pricing Update, Fannie Mae announced pricing changes as directed by the Federal
Housing Finance Agency (FHFA). On January 8, 2014, FHFA directed Fannie Mae to delay implementation of these changes until
Announcement SEL-2013-10 describes policies pertaining to MBS margin thresholds, clarifications of higher-priced loan requirements
and Ability to Repay Exempt Loans, and an updated RDC guide and Form 1003 instructions.