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.




September 19, 2018

Fannie Mae Servicing Guide Announcement SVC-2018-06

Servicing Guide Updates

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

• Relieving Servicers of Additional Responsibilities for Paying Escrow-Related Expenses on Acquired Properties• Delegating Texas Constitution Section 50(a)(6) for Fannie Mae Cap and Extend Modification for Disaster Relief*• Updates to Post-Delivery Servicing Transfer Requirements• Updates to Evaluation Notices and Solicitation Letters*• New Mexico and Hawaii Allowable...

Read more

September 19, 2018

Freddie Mac Servicing Bulletin 2018-14

This Guide Bulletin announces:Borrower evaluation and solicitation• Updates to our Borrower evaluation notices and solicitation letters – January 1, 2019Property inspections related to insurance loss settlements• A new temporary reimbursement process for property inspections related to insurance loss settlementsInvestor Reporting Change Initiative• Updates to the Servicer Success Scorecard – July 1, 2019• We will not settle mortgage modifications on the...

Read more

September 19, 2018

Fannie Mae Selling News

DU Findings gets a new look this weekend! 

The new version of the Desktop Underwriter® (DU®) Underwriting Findings (Findings) report will be an option available for DU Version 10.1 and 10.2 loan casefiles after the weekend of Sept. 22. (Customers who receive the Findings report through their loan origination system (LOS) should contact their LOS vendor to determine when the new version...

Read more

ACES Intelligent Questionnaires

September 18, 2018

OCC NR 2018-100 Agencies Propose Rule Regarding the Treatment of High Volatility Commercial Real Estate

Three federal banking agencies on Tuesday invited public comment on a proposal to modify the agencies’ capital rules for high volatility commercial real estate exposures, as required by the Economic Growth, Regulatory Relief, and Consumer Protection Act.

The proposal also asks for comment on certain terms contained in the revised definition of high volatility commercial real estate.  The changes, when finalized, would...

Read more

September 18, 2018

OCC BULLETIN 2018-29 Notice of Proposed Rulemaking

Summary

On September 18, 2018, the Office of the Comptroller of the Currency (OCC) issued a proposed rule to allow federal savings associations with total consolidated assets of $20 billion or less as of December 31, 2017, to elect national bank powers and operate as covered savings associations. The proposed rule aims to provide certain federal savings associations with additional...

Read more

September 18, 2018

USDA - Fiscal Year 2019 Conditional Commitment Notice

Fiscal Year 2019 (FY) is soon approaching and we are asking our originating lenders to take a few minutes to review the Single Family Housing Guaranteed Loan Program (SFHGLP) Conditional Commitment process.  We hope you find this information helpful. 

Background:  At the beginning of each fiscal year, funding for the guaranteed loan program is not available for a short period of time...

Read more

September 18, 2018

Interagency Statement Clarifying the Role of Supervisory Guidance - FIL-49-2018

Summary:

The FDIC, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Bureau of Consumer Financial Protection, and the National Credit Union Administration (the agencies) jointly have issued a statement to explain the role of supervisory guidance and to describe the agencies' approach to supervisory guidance.

Statement of Applicability to Institutions...

Read more

Customer Testimonials

September 14, 2018

OCC NR 2018-99, Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Florence

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators recognize the serious impact of Hurricane Florence on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their...

Read more

September 13, 2018

Freddie Mac Coming Soon: Get Ready to Finance More Mortgages in Underserved Markets

Soon, You’ll Be Able to Finance More Mortgages

Want to do more business and expand your lending in historically underserved markets? Solutions are coming that can help. Soon, you’ll be able to:

  • Finance more mortgages for families with low to moderate income in the rural housing market.
  • Help preserve housing affordability under shared equity homeownership programs.
  • Take advantage of simpler underwriting requirements.
  • Put...

Read more