Lender Letter LL-2016-04: Mortgage Insurance Updates
July 26, 2016 - This lender letter provides you with specific information about changes to the MassHousing Mortgage Insurance
Fund requirements as well as updates to the Approved Mortgage Insurers and Related Identifiers and Approved Mortgage Insurance
Announcement SEL-2016-05: Selling Guide Updates
June 28, 2016 - The update includes simplifying the way income limits are applied for HomeReady; update to the policy on self-employed
income; removal of the policy that limits refinances of restructured mortgage loans; and update to the policy on project insurance
specific to mortgagee clause.
Announcement SEL-2016-04: Selling Guide Updates
May 31, 2016 - The update includes clarifying the requirements for making modifications to single-closing construction-to-permanent
loans; update to reflect the changes to the risk factors in DU Version 10.0; policy update on lender self-report obligations
related to compliance with laws; clarifying and expanding the options for lenders in calculating student loan payment; adding
references to Condominium Project Questionnaires; and other miscellaneous updates and changes.
Announcement SEL-2016-03: Selling Guide Updates
March 29, 2016 - The update includes enhancing the policies for financing energy improvements; simplifying the multiple financed
properties policy; removing the special lender approval requirement to deliver Texas Section 50(a)(6) loans; clarifying several
project-related flood insurance coverage requirements; and other miscellaneous updates and changes.
Announcement SEL-2016-02: Selling Guide Updates
February 23, 2016 - The update includes eliminating the policy on continuity of obligation; clarifying lender reporting obligations
related to a breach of compliance with laws violations; use of consistent language regarding the types of losses for which
lenders must indemnify Fannie Mae; clarifying when recourse is required on HomeStyle Renovation mortgage loans; adopting a
simplier definition of relocation loans; and other miscellaneous updates and changes.
Selling and Servicing Notice: Flint, MI
February 11, 2016 - Flint, MI. This notice reminds lenders and servicers about existing products, loan options, and servicing
flexibilities that are available for homeowners who may be impacted by the water crisis in Flint, Michigan.
Announcement SEL-2015-13: Selling Guide Updates
December 15, 2015 - The update includes allowing second home and investment property loans to be secured by properties with
age-related resale restrictions; policy update pertaining to manufactured homes under the RD-Guaranteed Section 502 program;
clarifications relating to quality control vendor oversight reporting, reverification of income, and appraisal field reviews;
removed the requirement to obtain a form from the borrower at loan closing to authorize early delinquency counseling; changed
how and when buyup and buydown grids are posted; and other miscellaneous updates and changes.