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 20, 2018

Fannie Mae Allowable Foreclosure Attorney Fees Exhibit Updates

We've updated AAA matrices for all jurisdictions to reflect an increase in the hourly rates for non-routine litigation detailed in the Schedule of Legal Fees and Costs attached to the Mortgage Default Counsel (MDC) Retention Agreement. For hours billed on or after June 1 for matters which Fannie Mae has specifically approved MDC law firms to handle, Fannie Mae will pay:

  • An...

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April 20, 2018

Freddie Mac Updated Property Values for Borrowers Impacted by Eligible Disasters

We recently updated BPODirect® with the most recent pre-disaster property values.

When you evaluate borrowers impacted by an eligible disaster that occurred on or after August 25, 2017, for a Freddie Mac Flex Modification®, please use the property values provided in the “Auto Value” field in BPODirect. We’ve updated these to provide the most recent available value prior to the date...

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April 18, 2018

Fannie Mae SMDU Version 7.10 Release During Weekend of April 20, 2018

During the weekend of April 20, 2018, Fannie Mae will implement SMDU Version 7.10, which includes the new update described below. This update applies to all trial and final structuring requests submitted to SMDU after the implementation of Version 7.10.

During implementation, SMDU will not be available to process transactions from 10:00 p.m. Eastern Standard Time on April 20, 2018, until 12:00 p.m. Eastern...

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ARMCO Mortgage QC Industry Trends Report

April 16, 2018

Change Is Coming to the TBA Market

ABA Banking Journal--Lisa Tibbitts

Big changes are coming to the residential mortgage-backed securities market in 2019. Will you be ready?

Freddie Mac and Fannie Mae will begin to issue a common mortgage-backed security through the Common Securitization Platform in the second quarter of 2019. Investors, dealers, vendors, and seller/servicers must get prepared in early 2019 for this combined $3.5 trillion...

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Surviving an Onsite Audit

April 12, 2018

Cloudvirga partners with Freddie Mac to provide one-click dual AUS submissions

HousingWire--Caroline Basile

Digital mortgage point-of-sale software provider Cloudvirga announced Thursday it has launched single-click submission of loan data to both GSEs’ automated underwriting systems in a new collaboration with Freddie Mac.

The effort delivers on the industry need for greater transactional ease, Cloudvirga said in a press release.

“We’re empowering loan officers and back-office teams with data and augmented intelligence and making it effortless to...

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April 11, 2018

Fannie Mae RVS-2018-01 Reverse Mortgage Loan Servicing Manual Updates

The Reverse Mortgage Loan Servicing Manual has been updated to include changes related to the following:

Expense Reimbursement Claim Submissions

  • 2-06, Submitting Expense Reimbursement Claims, has been revised to authorize servicers to submit final expense reimbursement claims beyond 60 days after the date Fannie Mae disposes of an acquired property for HECM loans, as long as it is submitted within 30 days of receipt...

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April 11, 2018

HUD Provides List of Regulatory Waivers for Fourth Quarter, Calendar Year 2017

AGENCY:

Office of the General Counsel, HUD.

ACTION:

Notice.

SUMMARY:

Section 106 of the Department of Housing and Urban Development Reform Act of 1989 (the HUD Reform Act) requires HUD to publish quarterly Federal Register notices of all regulatory waivers that HUD has approved. Each notice covers the quarterly period since the previous Federal Register notice. The purpose of this notice is to comply...

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