Archives For: Fannie Mae
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.
7 Mar 2019
Fannie Mae: Lender Letter LL-2019-03: Interest Rate Spread for Fixed-Rate MBS and Servicing Fee Requirements for Fixed-Rate Loans
Fannie Mae issued a release providing guidance on changes to the allowable interest rate spread in fixed-rate MBS and Uniform Mortgage-Backed Securities (UMBS™) and the maximum servicing fee permitted for fixed-rate loans.
5 Mar 2019
Fannie Mae: AAA Matrix Updates
Fannie Mae announced that the Upset Bid standard excess fee ($75) was added to the North Carolina AAA matrix for services rendered on or after February 20. Also, the Property Preservation Protective Order standard excess fee ($700) was added to the Puerto Rico AAA matrix.
20 Feb 2019
Fannie Mae: SVC-2019-01: Servicing Guide Updates
Fannie Mae issued a release providing changes related to foreclosure time frames and compensatory fee requirements previously communicated in Announcement SVC 2018-10.
13 Feb 2019
Fannie Mae: LoanSphere Invoicing Changes and Expense Reimbursement Dashboard
Fannie Mae announced upcoming LoanSphere Invoicing changes and access to the Expense Reimbursement Dashboard.
13 Feb 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.
7 Feb 2019
Fannie Mae: Top FAQs for Borrower-Initiated MI Termination Using SMDU
Fannie Mae issued updated frequently asked questions (FAQs) associated with borrower-initiated mortgage insurance (MI) termination policy.
6 Feb 2019
Fannie Mae: Enhancements Reduce Manual Work on FHA Loan Payoffs
Fannie Mae announced that beginning January 27, 2019, servicers will no longer be required to contact Fannie Mae Investor Reporting analysts to request shortage surplus adjustments for Actual/Actual Federal Housing Administration (FHA) loan payoffs.
16 Jan 2019
Fannie Mae: Lender Letter LL-2019-01: Impact of Federal Government Shutdown (Servicing)
Fannie Mae issued a release clarifying expectations and requirements with respect to credit reporting regarding mortgage loans made to government employees and other workers impacted by the federal government shutdown.
11 Jan 2019
Fannie Mae: Sellers/Servicers Must Submit Annual Certifications
Fannie Mae advised that sellers/servicers with a December 31 fiscal year end must submit their annual certification and audited financial statements by March 31.
9 Jan 2019