Archives For: Fannie Mae
Fannie Mae: Hurricane Dorian Assistance Options Reminder
Fannie Mae issued a news release reminding those impacted by Hurricane Dorian of available mortgage assistance and disaster relief options.
29 Aug 2019
FHFA: Fannie Mae and Freddie Mac Dodd-Frank Act Stress Test Results
The Federal Housing Finance Agency (FHFA) released a report providing results of the annual stress tests Fannie Mae and Freddie Mac are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
15 Aug 2019
Fannie Mae: Lender Letter LL-2019-07: Advance Notice of Principal and Interest Drafts for Scheduled/Scheduled and Scheduled/Actual Portfolio Mortgage Loans
Fannie Mae issued a release providing advance notification to servicers of changes that will simplify and streamline the cash remittance and reconciliation process.
14 Aug 2019
Fannie Mae: MI Termination in SMDU Starting Soon
Fannie Mae reminded servicers that borrower-initiated mortgage insurance (MI) termination must be processed in the Servicer Management Default Underwriter (SMDU) for both Original Value and Current Value beginning on September 1, 2019.
7 Aug 2019
Fannie Mae: Extension of Cost of Funds Index
Fannie Mae issued a notice alerting servicers of an extension of the cost of funds index (COFI) for one additional year.
31 Jul 2019
Fannie Mae: Assistance Options for Areas Affected by Tropical Storm Barry
Fannie Mae issued a press release reminding those impacted by Tropical Storm Barry of available mortgage assistance and disaster relief options.
12 Jul 2019
Fannie Mae: SVC-2019-05: Servicing Guide Updates
Fannie Mae issued a release announcing several updates to its Servicing Guide that simplifies its escrow waiver policy, clarifies requirements for compliance with Office of Foreign Assets Control (OFAC) regulations, and more.
10 Jul 2019
Fannie Mae: Modification Interest Rate Adjustment Update
Fannie Mae issued an exhibit providing the current Modification Interest Rate used to evaluate borrowers for conventional mortgage loan modifications.
8 Jul 2019
Fannie Mae: Clarification to Servicer Attorney Fees and Property Preservation Approvals
Fannie Mae has updated its Servicer Expense Reimbursement Job Aid to clarify attorney fees and property preservation approvals. Investor Pre-Approval (IPA) increases the published allowable for attorney fees, and cost and property preservation pre-approval replaces the published allowable fee.
1 Jul 2019
Fannie Mae: AAA Matrix Updates
Fannie Mae announced several updates across applicable AAA matrices.
19 Jun 2019