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.




August 21, 2018

Fannie Mae How will the gig economy shape mortgage lending?

Our quarterly Mortgage Lender Sentiment Survey® asked lenders their views on using gig economy income in mortgage underwriting. The results showed that a strong majority of lenders have had borrowers apply for a mortgage using gig economy income and an even stronger majority expect that number to grow in the coming years. 

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ACES Automated Document Manager

August 21, 2018

Fannie Mae, Freddie Mac ending expansion into single-family rentals

HousingWire--Ben Lane

Over the last year or so, Fannie Mae and Freddie Mac both expanded their presence in the single-family rental market, with both of the government-sponsored enterprises beginning to fund single-family rental investments for larger players in the market.

But that expansion is about to end.

The Federal Housing Finance Agency announced Tuesday that Fannie and Freddie will both be shutting down their single-family rental pilot...

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August 18, 2018

VA VALERI Servicer Newsflash August 17, 2018

IMPORTANT INFORMATION

Duplicate Bill of Collection (BOC) Numbers – There is currently a defect in the VALERI application resulting in the generation of duplicate Bill of Collection transaction numbers. We are collaborating with the Administrative Loan and Accounting Center (ALAC) to work around this issue. The resolution to correct the defect is scheduled to be included in the 18.4 VALERI release...

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August 18, 2018

RHS Request Comments: Establishment of Maximum Interest Rate

AGENCY:

Rural Housing Service, USDA.

ACTION:

Request for information.

SUMMARY:

The Rural Housing Service (RHS or Agency) seeks public comments on updating the provisions of the Single Family Housing Guaranteed Loan Program (SFHGLP), specifically regarding the maximum interest rate, its impact on loan making to potential SFHGLP borrowers, and possible changes to the interest rate cap. RHS is soliciting...

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August 17, 2018

Fannie Mae Multifamily Mortgage Business Guide Update 18-07 Changes to Conflict Mortgage Loan and OFAC Requirements

Effective August 20, 2018, Fannie Mae is updating the Conflict Mortgage Loan and certain otherrequirements in Part II, Chapter 5 of the Multifamily Selling and Servicing Guide (Guide), andassociated definitions in Part I – Glossary, to:

  • modify and clarify the requirements when a Lender, Lender Affiliate, Lender Senior Executive, or Lender employees own, directly or indirectly, equity interests in the Borrower;
  • change...

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ARMCO Mortgage QC Industry Trends Report

August 16, 2018

Freddie Mac Reminder: Plan for MERS System Migration

MERSCORP Holdings, Inc has informed us that the MERS® System and MERS® eRegistry will be unavailable for transactions from 10 p.m. EST Thursday, September 13 to 7 a.m. EST Monday, September 17. They will be completing their migration to the Intercontinental Exchange (ICE) data centers during this time.

Please plan your loan deliveries and transfer of servicing transactions accordingly to ensure there are no impacts...

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August 16, 2018

FHA INFO #18-34: Revised Loss Mitigation Options and Final 30-day Disaster Foreclosure Moratorium Extension for Puerto Rico and the U.S. Virgin Islands

Today, the Federal Housing Administration (FHA) announced the publication of Mortgagee Letter (ML) 2018-05, which revises the order of loss mitigation options for borrowers with FHA-insured mortgages whose property and/or place of employment is in the Presidentially-Declared Major Disaster Areas (PDMDAs) of Puerto Rico Hurricane Maria (DR-4339) or U.S. Virgin Islands Hurricane Maria (DR-4340).

This ML changes existing policy by allowing mortgagees to evaluate...

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August 16, 2018

Fannie Mae rolling out new process to streamline mortgage insurance claims

Housingwire--Ben Lane

The process of filing a mortgage insurance claim is about to get a lot easier thanks to with Fannie Mae, as the government-sponsored enterprise announced Wednesday that it is rolling out a new “streamlined” MI claims procedure with help from several of the largest MI providers.

Fannie Mae claims that the new process, which is calls MI Factor, will...

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