The new three-page Quarterly Compass summarizes what’s new with the UCD collection solution, HARP extension, redesigned URLA,
Loan Delivery and EarlyCheck releases, Fannie Mae Connect, new webinars, and more.
Three EarlyCheck releases are planned involving new and updated edits. And, as of Jan. 21, 2017, numerous credit eligibility
edits will be available upfront from downstream acquisitions systems to provide better transparency.
For a summary of key updates in this Selling Guide Announcement, view the executive perspectives video presented by Jude Landis,
Vice President, Credit Policy, and/or the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
The following updates were made in August; incorporating the Independent Dispute Resolution (IDR) process into the Selling
Guide, enhancing nontraditional credit underwriting guidelines for loans that are underwritten manually or using Desktop Underwriter
(DU), eliminating project-level liability insurance for certain PUDs and two- to four-unit condo projects, and other miscellaneous
The Federal Housing Finance Agency (FHFA) has announced that the Home Affordable Refinance Program (HARP) will be extended
to September 30, 2017, continuing to provide liquidity to support eligible borrowers.