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Announcement SVC-2015-08
This Announcement updates policy requirements related to the seller/servicer’s net worth and liquidity and subservicing and outsource vendor requirements.
May 2015 AQM List Posted
The May 2015 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
Selling Notice
This Notice advises lenders that DU Refi Plus™ and Refi Plus™ have been extended until December 31, 2016.
Announcement SEL-2015-05
The New Mexico security instrument - Form 3032 – has been revised to convert it from a deed of trust form to a mortgage form, which now provides for judicial foreclosures.
New Second Home with Rental Income Job Aid
A new lender job aid answers the question "If a borrower is refinancing a second home and reports receiving rental income from the subject property, can the transaction be eligible as a second home?"
EarlyCheck May 2 Change Notification
Describes edit modifications to the EarlyCheck application that will be effective the weekend of May 2, 2015.
Updated Designated Custodian Master Custodial Agreement (Form 2010)
This Form is now available in an electronic format on Fannie Mae’s website.
Announcement SEL-2015-04
At the direction of the Federal Housing Finance Agency, the Adverse Market Delivery Charge is being discontinued and certain loan-level price adjustments are being changed, effective with whole loans purchased on or after September 1, 2015, or loans delivered into MBS pools with issue dates on or after September 1, 2015 (including DU Refi Plus™ and Refi Plus™ loans). The details of the pricing adjustments are available in the Loan-Level Price Adjustment (LLPA) Matrix and the Refi Plus™ Loan-Level Price Adjustment (LLPA) Matrix.
New Fannie Mae Appraisal Messages in UCDP
Fannie Mae is adding three proprietary appraisal messages to the UCDP, effective the weekend of April 11, 2015.
Announcement SEL-2015-03
The update introduces the Servicing Execution Tool™ (SET™) Bifurcation option for approved lenders and updates policies related to margin requirements for co-op share ARM loans; owner-occupancy requirements; ALTA short form coverage; alignment of the Selling Guide with Desktop Underwriter® messages for derogatory credit events and disputed credit tradelines; and other miscellaneous updates and changes.
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