On April 24th, the Consumer Financial Protection Bureau (CFPB) published an updated version of a blog post originally posted on March 31, 2020 that provided mortgage relief options for borrowers ...
During the weekend of May 16, 2020, Fannie Mae will be implementing updates to their Desktop Underwriter (DU) Version 10.3. These updates will apply to loans using DU Version 10.3 ...
On April 14, 2020, Fannie Mae and Freddie Mac (the GSEs) released a joint announcement regarding the extension of the implementation timeline for the redesigned URLA (Fannie Mae Form 1003 ...
On April 1, 2020, Fannie Mae announced in SEL-2020-02, and Freddie Mac announced in Bulletin 2020-9, the requirements for the new Secured Overnight Financing Rate (SOFR)-indexed ARM products and the ...
On April 8, 2020, Freddie Mac published Bulletin 2020-10 to provide temporary guidance in response to feedback from servicers regarding previous Bulletins 2020-4 and 2020-7 (these provided temporary servicer guidance ...
Fannie Mae has retired the following multistate biweekly notes and riders; they have been removed from Fannie Mae’s Legal Documents webpage along with the corresponding Summary documents and Spanish language ...
On March 31, 2020 the CFPB published a guide to various mortgage relief options available to borrowers affected by coronavirus/COVID-19. The Guide provides consumers with a general understanding of who ...
On March 23, 2020, Freddie Mac published Bulletin 2020-5 regarding temporary measures for selling requirements in relation to Coronavirus COVID-19 to address sellers’ questions and concerns. Freddie Mac is working ...
On March 23, 2020, Fannie Mae published Lender Letter LL-2020-04 regarding the impact of Coronavirus COVID-19 on appraisals. In many cases, due to COVID-19, lenders are not able to obtain ...
On March 23, 2020, Fannie Mae published Lender Letter LL-2020-03 regarding the impact of Coronavirus COVID-19 on loan originations. LL-2020-03 addresses questions and concerns that have been raised by industry ...