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.

December 14, 2018

HUD Final Rule: Streamlining Warranty Requirements for Federal Housing Administration Single-Family Mortgage Insurance: Removal of the Ten-Year Protection Plan Requirements

AGENCY:

Office of the Assistant Secretary of Housing—Federal Housing Commissioner, HUD.

ACTION:

Final rule.

SUMMARY:

This final rule streamlines the home warranty requirements for FHA single-family mortgage insurance by removing the regulations that require borrowers to purchase 10-year protection plans in order to qualify for certain mortgages on newly constructed single-family homes. This action conforms with the changes...

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December 13, 2018

Freddie Mac Optimize the prices for your loan sales and improve your mortgage execution for your customers

Believe in Home Embrace the vision. Shape the future.

Looking for a seamless way to improve the liquidity of your mortgage business and sell your loans for cash? Striving to provide your customers with the best possible execution to meet their homebuying or refinance needs? Take advantage of Freddie Mac’s competitive automated cash execution, available through Loan...

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December 13, 2018

FHFA - Notice of Proposed Rulemaking : Validation and Approval of Credit Score Models

Validation and Approval of Credit Score Models

Open Date: Open for comment 12/13/2018 

Deadline:  All comments are due by TBD

Type: Notice of Proposed Rulemaking

Number: RIN-2590-AA98

Group: Fannie Mae; Freddie Mac

CFR: 12 CFR Part 1254

CFR Description: Validation and Approval of Credit Score Models

View Document: Download Validation and Approval of Credit Score Models Proposed Rule 

321.07 KB

Contact Information:

FOR FURTHER INFORMATION CONTACT:  Beth Spring, Senior Policy Analyst, Housing &...

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Webinar: Agency and Regulatory Reporting Essentials

December 13, 2018

Fannie Mae Updates Reverse Mortgage Loan Servicing Manual

The Reverse Mortgage Loan Servicing Manual has been updated to eliminate certain servicer responsibilities for both HECM and Home Keeper mortgage loans subject to a deed-in-lieu of foreclosure.

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December 12, 2018

Freddie Mac Single-Family Seller/Servicer Guide Bulletin 2018-26 Servicing Guide Updates

Today’s Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-26 updates servicing requirements related to: 

  • State foreclosure timelines and compensatory fees.
  • The Servicer Success Scorecard.
  • Mortgage servicing contract rights.

This Bulletin also includes changes announced in Guide Bulletin 2018-24 that impact Servicers. For more information on these and other updates, please read Guide Bulletin 2018-26.

...
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December 12, 2018

Fannie Mae Servicing Guide Announcement SVC-2018-09 Servicing Guide Updates

The Servicing Guide has been updated to include changes related to the following:

  • Insurer Rating Requirements
  • Flood Insurance Updates and Guide Alignment*
  • Loss Draft Proceeds and Other Unapplied Funds in Taxes and Insurance Custodial Accounts Incorporation of Borrower-Initiated Conventional Mortgage Insurance Termination Policies*
  • Effective Date Change for Certain Borrower-Initiated Conventional Mortgage Insurance Termination Policies* Miscellaneous Revisions*

*Policy change not applicable to reverse mortgage...

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December 12, 2018

Fannie Mae Selling + Servicing News: Servicing Guide Updates, DU 10.3, and More

Featured News

 Servicing Guide updates to MI termination, insurance requirements, and more

Our December Servicing Guide Announcement updates servicer requirements for handling borrower-initiated mortgage insurance termination, provides additional flexibility for managing insurance loss proceeds held in taxes and insurance custodial accounts, updates property insurance carrier requirements, clarifies flood insurance requirements, and more.

Read the Announcement

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ACES Intelligent Questionnaires

December 12, 2018

It’s official: Trump nominates Mark Calabria to lead FHFA

Housingwire--Kelsey Ramírez

Late Tuesday night, President Donald Trump announced his choice to lead the Federal Housing Finance Agency – Mark Calabria.

Trump announced his intent to nominate Calabria, who currently serves as chief economist for Vice President Mike Pence. Previously, Calabria served as a senior aide on the Senate Banking Committee where he was one of the lead drafters of the Housing and Economic...

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December 12, 2018

FHFA Says GSE G-Fee Use Little Changed

MBA NewsLink--MBA NewsLink Staff

The Federal Housing Finance Agency (released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac, noting little change over the past several years.

The report (https://www.fhfa.gov/AboutUs/Reports/ReportDocuments/GFee-Report_12-10-18.pdf) said for all loan products combined, the average single-family guarantee fee in 2017 was unchanged at 56 basis points. The upfront portion of the...

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December 12, 2018

Freddie Mac - Uniform Closing Dataset Specification Update

We're updating and republishing the Uniform Closing Dataset (UCD) Specification and supporting artifacts to account for revised Seller data requirements, changes related to the CFPB's TRID Amendment, expanded allowable fee types and improved clarity. 

Read the full announcement here for complete details.

...
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December 12, 2018

Fannie Mae - Appraiser Update: Special Edition for Rural Appraisal

Get tips for appraising rural properties, learn more about our manufactured housing appraisal policy, read about recent appraisal policy updates, and more in the latest Fannie Mae Appraiser Update. We love hearing from you! Please continue to use the Contact Us form for appraisers to share what’s on your mind and to submit feedback and questions on appraisal...

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