This Lender Letter provides updates and reminders related to properties impacted by recent hurricanes, including the inspection cost reimbursement process.
Check out the UCD collection solution page to get started.
EarlyCheck V. 5.4 will feature modified edits, accept enhanced HMDA data in the ULDD-MISMO 3.0 file, and will use the UCD mandate Note Date (Sept. 25) to generate UCD edits.
Learn more about the transformational redesign of the loss mitigation process at one of the next Know Your Options Customer CARE Call Flow & Script Training webinars, available in October.
The GSEs have announced there is no change to the Sept. 25 mandate. Loan Delivery will generate a Warning if UCD Casefile ID is not provided.
The release scheduled for October 14 includes general updates and vendor table updates to support changes in liquidation delegation.
This Lender Letter contains both selling and servicing policy guidance for properties located in areas affected by these disasters.
This update simplifies servicing by redesigning Form 710 and renaming it the Mortgage Assistance Application; updating requirements for allowable bankruptcy attorney fees; incorporating the Fannie Mae Flex Modification; and more.
For a summary of key updates in this Servicing Guide Announcement, view the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
On Sept. 8, the STAR Team announced the rollout of the new STAR Performance Scorecard White Paper digital platform. This updated, mobile-friendly version has the same reliable content, but in a dynamic new format with a search feature that allows you to find topics easily, and print sections of your choosing.
During the weekend of Oct. 28, Fannie Mae and Freddie Mac (the GSEs) will implement the capability to accept Appraisal Form 1004D/442 directly in the UCDP.
The North Carolina AAA matrix has been revised to include a fee for Amending the Notice of Hearing. The fee will be effective for services rendered 9/13/2017 or later. To view the updated matrix, visit the Excess Attorney Fee/Cost Guidelines page.
We're changing the committing, delivering, and servicing process for whole loan ARMs to better align with the ARM MBS operational process. Read the release notes and review the PE-Whole Loan job aids for changes to whole loan ARM commitments taken on or after Monday, Sept. 11.
We've updated the PE- Whole Loan job aids to reflect the changes to committing, delivering, and servicing process for whole loan ARMs.
Learn how HomeStyle Renovation mortgage can help you serve borrowers to purchase or renovate a home. You'll gain valuable insight whether you're currently approved or seeking approval to originate HomeStyle Renovation loans.
This Lender Letter introduces a new high loan-to-value refinance option and announces the extension of DU Refi Plus and Refi Plus.
CRS has been updated with several changes to make it easier to navigate the system, including updates to Contact Information and Drafting Instructions sections, extended banking instructions submission time, and more.
This Exhibit provides the new Fannie Mae Modification Interest Rate required for all Fannie Mae conventional mortgage loan modifications, excluding Fannie Mae HAMP Modifications.
Lenders and servicers are reminded that Fannie Mae has selling and servicing policies to assist impacted borrowers (or potential borrowers) following a disaster, such as Hurricane Harvey and Hurricane Irma.
CVAS will be upgraded on Saturday, Sept. 30. This upgrade includes enhancements to provide a better overall user experience through single sign-on capabilities and improved system navigation and functionality. The CVAS web address will also change.
This Lender Letter reminds our customers of Fannie Mae’s current selling policies for loans impacted by a disaster and provides additional guidance that is specific to Hurricane Harvey.
The August 2017 Appraiser Quality Monitoring (AQM) list has been posted on the Appraiser Quality Monitoring page.
A new implementation guide is available providing supplementary information to assist with the analysis and planning to implement the redesigned URLA as well as updates to your AUS integration.
The following updates were made in August: Lenders are required to use Form 3749 when assigning loans to MERS in Maine, effective Jan. 1, 2018; topics in Selling Guide Part A were updated and duplicative content was removed from Servicing Guide; credit report requirements now align with industry standard reporting.
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 the executive overview provided by Carlos Perez, Chief Credit Officer for Single Family.
This Lender Letter reminds our customers of Fannie Mae’s current servicing policies for loans impacted by a disaster and provides additional guidance that is specific to Hurricane Harvey.
Several new and modified edits were implemented during the weekend of Aug. 27, plus updates to ARM LTV Ratios.
The UCD solution version 3.0 release provides you enhanced UCD Findings Reports, updates to file transfer capability, and simplified edit feedback messages.
Lenders and servicers are reminded that Fannie Mae has selling and servicing policies to assist impacted borrowers (or potential borrowers) following a disaster, such as the hurricane on the Gulf Coast.
View the latest Mortgage Lender Sentiment Survey.