Archives For: Fannie Mae
Freddie Mac July 2021 Monthly Summary
Per Freddie Mac, overall delinquencies for single family loans is 1.74% in July 2021, vs 1.86% last month and 3.12% a year ago.
31 Aug 2021
Fannie Mae Issues Press Release for Hurricane Ida Assistance Options
Fannie Mae issued a press release 8/30/21 in regards to assistance options for those impacted by Hurricane Ida.
30 Aug 2021
FHFA: Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests
The Federal Housing Finance Agency (FHFA) released reports providing results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
13 Aug 2021
Fannie Mae: SVC-2021-05: Servicing Announcement
Fannie Mae issued a Servicing Announcement that incorporates previously communicated changes regarding payment deferral gross servicing fee and guarantee fee reimbursement, and foreclosure P&I advance reimbursement. It also extends the mandatory effective date of the IRS reporting changes that were previously announced.
12 Aug 2021
FHFA: COVID-19 REO Eviction Moratorium Extended Through September
The Federal Housing Finance Agency (FHFA) published a joint statement on agency actions (FHFA, USDA, VA, Treasury) to prevent evictions.
30 Jul 2021
FHFA: Apply for Emergency Rental Assistance Before Evicting Tenants
The Federal Housing Finance Agency (FHFA) announced that it is encouraging landlords of properties backed by Fannie Mae or Freddie Mac to apply for Emergency Rental Assistance before starting the process of evicting a tenant for non-payment of rent.
30 Jul 2021
FHFA: Phyllis K. Fong Named Acting Inspector General
The Federal Housing Finance Agency (FHFA) announced that Phyllis K. Fong will be its acting inspector general (IG). Fong will continue to serve as the IG for the U.S. Department of Agriculture (USDA) while fulfilling her new role.
30 Jul 2021
Fannie Mae: Lender Letter LL-2021-12: Investor Reporting Changes
Fannie Mae announced updates to its Master Servicing Simplification page to help servicers prepare for changes recently announced in Lender Letter LL-2021-12 (Advance Notice of Changes to Investor Reporting Processes and Systems).
28 Jul 2021
Fannie Mae: SVC-2021-04: Servicing Guide Updates
Fannie Mae updated its Servicing Guide to broaden the requirements for acceptance of mortgage assistance funds, introduce a new process for filing conventional mortgage insurance claims in the new MI Claims Portal and to simplify the REOgram™ notification process.
14 Jul 2021
Fannie Mae: Excess Fee for Resuming Pending Foreclosure Actions
Fannie Mae authorized a one-time excess legal fee for additional legal work required to resume pending foreclosures in certain jurisdictions when it is necessary to do so upon the lifting of applicable federal and state moratoria.
7 Jul 2021