Three new elearning courses provide detailed information to help lenders take advantage of Day 1 Certainty offerings.
Read more about our fourth quarter 2016 financial results in our news release, Form 10Q, and credit supplement.
Across the servicing lifecycle, we're working to simplify the process for our customers.
This update makes changes to simplify servicing, reduce operational cost and risk for servicers, and increase data accuracy. Updates include relieving servicers of the responsibility to pay for HOA, condo, or co-op fees for acquired properties; elimination of transaction type 80 reporting requirements; flexible use of IRS form 4506-T or 4506T-EZ for workout options; and changes to maintaining seller/servicer eligibility.
Bringing you greater loan level package edit capabilities on March 24, plus new edits coming as of April 3.
Several technology applications were updated to support Fannie Mae Changes to Investor Reporting as of Feb. 14, eliminating the need for reporting MBS security balances to Fannie Mae, among other updates.
The 16.3 DMRS system release is currently scheduled for March 5, 2017.
Introducing several new and modified edits will be implemented pertaining to credit eligibility and Day 1 Certainty.
QC and Underwriting Boot Camp is back for a fifth year! This year's Boot Camp includes a new project standards track along with our popular QC and underwriting sessions. Check out the fact sheet for dates, locations, and additional details.
The following updates were made in January: clarifications and updates to several appraisal policies; updates to confidentiality of information and data breach guidelines; changes to seller/servicer financial eligibility requirements; removal of duplicative content in the Selling Guide and Servicing Guide; and other miscellaneous updates.
Describes changes to the income, employment, and asset messages returned by the DU validation service scheduled for the weekend of Feb. 25, 2017.
Includes an update to Property Value Representations and Warranties, as well as enhancements to the new CU user interface (CU Classic view will not be impacted) scheduled for the weekend of March 25, 2017.
The GSEs have updated the UCD Delivery Specification, Use Cases, and XML files in an effort to provide clear and accurate requirements for preparing the UCD file for delivery.
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.
We have clarified that appraisal trainees may perform property inspections; will allow use of dollar-for-dollar adjustments to financing or sales concessions based on local market reaction; and are providing flexibility on comparables in new projects or subdivisions.
Please join our Single-Family Servicing Team for an educational webinar about subservicing.
The January 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
Lakeview Loan Servicing, LLC has joined SET, giving you another servicing partner option for your servicing-released commitments in PE - Whole Loan.
This update contains policy changes related to updates to the Investor Reporting requirements, retirement of the Fannie Mae Non-Eligible List, and a miscellaneous revision.
Have you visited the Fannie Mae Changes to Reporting page recently? Several documents were updated with new information including Process Requirements, Detailed Scenarios, FAQs, and more to support your transition. For details about the changes that must be implemented by servicers as of Feb. 1, 2017, see the Release Notes. Review archived webinar materials under the Webinars section of the page, and don’t forget live webinars are still open through January.
The new credit eligibility edits in Loan Delivery will transition to Warning severity as of Jan. 23, then switch to Fatal severity as of March 13.
Introducing severity modifications for the new credit eligibility edits.
This Exhibit provides the new Fannie Mae Standard Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications.
This Lender Letter announces that Fannie Mae has approved the acquisition of United Guaranty Corporation and its affiliates by Arch Capital Group Ltd.
Updated version of the AAA matrices for each state/jurisdiction are now available on the Excess Attorney Fee Guidelines page.
During the weekend of Feb. 25, 2017, we will implement an update to the Pricing & Execution - MBS application focused on providing more pricing flexibility.
This update contains policy changes related to verifying master project insurance, maximum allowable foreclosure attorney fees for judicial states, and servicing fees for redeemable mortgage loans and third-party foreclosure sales.
The Fannie Mae Flex Modification offers servicers an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.
As part of the Dec. 17 release, the CVAS web address will be changed to https://guarantytechnology.efanniemae.com/cvas. Update your bookmarks accordingly.
The new Quarterly Compass features the latest technology and policy news, and important milestones, and more in this special three-page edition.