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.




November 16, 2018

FHA Mutual Mortgage Insurance Fund ‘Sound' for 4th Straight Year, but HECM Problems Persist

MBA Newslink--Mike Sorohan

For the fourth consecutive year, an independent actuarial report showed the FHA Mutual Mortgage Insurance Fund met its congressionally mandated capital reserve levels in 2018. But HUD Secretary Ben Carson conceded the FHA Home Equity Conversion Mortgage program "continues to be a significant drain on the Insurance Fund."

Mortgage Bankers Association President and CEO Robert Broeksmit, CMB...

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November 15, 2018

Fannie Mae Servicing News - Fannie Mae holiday moratorium for eviction lockouts

We will suspend eviction lockouts of foreclosed single-family properties from Dec. 17, 2018, through Jan. 2, 2019. During the holiday season, legal and administrative proceedings for evictions may continue, but families will be allowed to remain in their homes during this moratorium. All guidance related to disaster relief in hurricane-affected areas remains in effect, and servicers and law firms should...

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Webinar: Agency and Regulatory Reporting Essentials

November 15, 2018

FHA will not cut mortgage insurance premiums

Housingwire--Jessica Guerin

The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund Thursday, revealing a positive economic net worth and acceptable capital reserves.

But despite the fund’s positive subsidy – and marked improvement over last year – FHA Commissioner Brian Montgomery said the agency will not be reducing mortgage insurance premiums any time soon.

...

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November 15, 2018

Freddie Mac Servicing Bulletin 2018-22 Simplifies Requirements and Provides Flexibilities for Servicers

Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-22 announces changes that simplify our requirements and provide flexibilities for servicing mortgages for Freddie Mac. This Bulletin updates:

Default management 

• Revisions to our Standard Short Sale (“short sale”) and Standard Deed-in-Lieu of Foreclosure (“deed-inlieu”) requirements – September 1, 2019 

• Updates to the following related to Servicing properties impacted by a disaster: 

➢ Disaster-related forbearance plan requirements –...

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November 14, 2018

Fannie Mae Announcement SVC-2018-08 Servicing Guide Updates

The Fannie Mae Servicing Guide has been updated with changes that:

  • Simplify short sale and Mortgage Release™ requirements by aligning eligibility criteria and streamlining documentation requirements.
  • Extend the amount of time for servicers to make outbound call attempts and to send breach letters to delinquent borrowers.
  • Allow servicers to order initial property inspections on the 60th day of delinquency instead of...

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ACES Automated Document Manager

November 14, 2018

Freddie Mac Bulletin 2018-21 Selling and Servicing Updates

This Guide Bulletin announces: 

GreenCHOICE MortgagesSM 

• Requirements for Mortgages secured by properties that are energy and/or water efficient – May 1, 2019 (New) Property insurance requirements for condominiums 

• Updated requirements for Condominium Project and unit owner flood insurance

• Updated requirements for insurance policy premium collection for Condominium Projects located in Puerto Rico 

EFFECTIVE DATE All of...

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November 14, 2018

Fannie Mae Selling News

EarlyCheck updates coming this weekend During the weekend of Nov. 17, we will update EarlyCheck™ version 5.7 to introduce new edits for the high LTV refinance option and Uniform Loan Delivery Dataset (ULDD) Phase 3 data points, and modify other edits. Review the EarlyCheck release notes and visit the EarlyCheck page for more information.

ICYMI: Support...

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November 09, 2018

Freddie Mac Loan Advisor – The Edge You Need for Speed, Efficiency and Results

We’re listening to your feedback and making changes that deliver speed, efficiency and results. We’re enhancing Freddie Mac Loan AdvisorSM to provide the value you need to give you an edge – The Freddie EdgeSM.

  • Automated Income and Asset Assessment: Fewer documents. Reduced time to close. Better customer experience. We leverage data from third-party service providers so you can...

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