Agency | GSE News

This topic consolidates all announcements, newsletters, bulletins, handbook/guide updates, and general news coming from FHFA, Fannie Mae, FHA, Freddie Mac, GNMA, RHS, and VA.

April 25, 2019

VALERI Special Announcement

The Department of Veterans Affairs (VA) is in the process of transitioning to a new VA Loan

Electronic Reporting Interface (VALERI) application scheduled to ‘go-live’ on Tuesday, May 28,

2019. This initiative has generated great interest in the mortgage industry. The following

information is provided to assist our program partners in anticipation of this exciting milestone:

...
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April 24, 2019

Ginnie Mae Bulletin MBS Single Family Loan Liquidation Disclosure File, Version 1.1

Published Date: 4/24/2019 11:55 AM

Attachment: llmonliq_layout_May2019.pdf    

Ginnie Mae is pleased to announce additional loan liquidation disclosure files, utilizing the same layout announced in Bulletin 2018-076 (the first production Loan Liquidation Disclosure File).

The expansion of the Loan Liquidation File layout (located on Ginnie Mae’s Disclosure Data Download Layouts and Sample Files page), will have...

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April 24, 2019

Fannie Mae Interactive API Map, Fannie Mae Boot Camp, and More

Featured News

Check out an interactive API map

View a sampling of Fannie Mae APIs across the loan lifecycle. Each API on the map highlights a real customer challenge with a corresponding solution that can be addressed by the API.

View the Map

Selling News

Register for Fannie Mae Boot Camp 2019

Fannie Mae...

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Surviving an Onsite Audit

April 24, 2019

Calabria on GSEs: “A Path to End the Conservatorship”

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April 24, 2019

Freddie Mac We’re Automating Cash Contract Extensions in Loan Selling Advisor

Beginning mid-June 2019, Sellers will have the ability to extend Mandatory Cash Contracts directly in Loan Selling Advisor®. A new relock capability for Best Efforts Contracts will also be available. These changes provide enhanced automation and flexibility for Sellers. 

Mandatory Cash contract extensions become automated  

In response to client feedback, Sellers will have the ability to extend the expiration date for a...

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April 19, 2019

Ginnie Mae announces Platinum product for reverse mortgage-backed securities

HousingWire--Jessica Guerin

Ginnie Mae has launched a new securitization channel for reverse mortgage-backed securities.

Now, investors in the HECM mortgage-backed securities, or HMBS, market can participate in Ginnie’s new Platinum HMBS program, which reduces the administrative costs of holding multiple and smaller HMBS securities.

The Platinum program will allow broker-dealers to combine HMBS, including tail issuance, into new, larger securities...

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April 19, 2019

FHA INFO #19-11 FHA Clarifies Documentation Requirements for Governmental Entities Providing Downpayment Assistance to FHA Borrowers

FHA insures mortgages for qualified borrowers who contribute a Minimum Required Investment (MRI) of 3.5 percent of the home’s purchase price. FHA allows family members, employers, and governmental entities to contribute to a borrower’s MRI. Today, the Federal Housing Administration (FHA) issued Mortgagee Letter (ML) 2019-06, Downpayment Assistance and Operating in a Governmental Capacity, clarifying the documentation that FHA-approved mortgagees...

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ACES Intelligent Questionnaires

April 18, 2019

Under Construction: Housing Finance Reform

DSNews--David Wharton

From the moment the Federal Housing Finance Agency placed Fannie Mae and Freddie Mac into conservatorship in September 2008, the topic of GSE reform has been the subject of heated policy debates everywhere from inside the Capitol rotunda to around countless industry water coolers. Although it’s remained a popular hot topic in industry and government circles during the ensuing...

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April 17, 2019

Freddie Mac invests $50 million in affordable housing in rural, underserved areas

Housingwire--Caroline Basile

Freddie Mac announced Wednesday it closed a Low-Income Housing Tax Credit fund with CAHEC and initiated several investments within the fund, totaling $50 million, for affordable rental housing in the Middle Appalachia area of the U.S.  

This closing marks the sixth LIHTC fund that Freddie has closed since re-entering the market last year.

This is the first fund managed by...

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April 17, 2019

Fannie Mae New Tax Changes Resource, Bankruptcy and Foreclosure Training, and More

Selling News

Questions about how recent tax changes impact income reporting?

Check out the new resource that summarizes recent updates to the Selling Guideand Desktop Underwriter® (DU®) validation service related to the Tax Cuts and Jobs Act.

View the summary

ULDD Phase 3 mandate is one month away — make sure you’re prepared

The...

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April 12, 2019

Freddie Mac Guide Bulletin 2019-8 Servicing Guide Update - Reissued

(We are reissuing Bulletin 2019-8 on April 12, 2019 to clarify the changes in the Property Insurance Loss Settlements section are effective on July 1, 2019, but may be implemented immediately. No other changes have been made to the Bulletin.)

This Guide Bulletin announces:

Reimbursements

  • Changes to approved Servicer reimbursement amounts – April 18, 2019

Property insurance loss...

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