Archives For: Lender Letter
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: Lender Letter LL-2021-07: COVID-19 Payment Deferral
Fannie Mae adjusted the terms for a Flex Modification with reduced eligibility criteria for COVID-19 impacted borrowers to provide an opportunity to reduce their interest rate, regardless of the mortgage loan’s mark-to-market loan-to-value ratio.
30 Jun 2021
Fannie Mae: Lender Letter LL-2021-02: Impact of COVID-19 on Servicing
Fannie Mae updated provisions regarding the suspension of foreclosure-related activities and filing motions for relief from the automatic stay in certain bankruptcy cases.
30 Jun 2021
Fannie Mae Lender Letter LL-2019-08 Mortgage Insurance Updates
Fannie Mae issued a Lender Letter updating the MassHousing Mortgage Insurance Fund’s Loan Loss Reserve Agreement, Commitment/Certificate, and Mortgage Payment Protection Endorsement Forms as well as the list of Approved Mortgage Insurance Forms.
17 Feb 2021
Fannie Mae Lender Letter LL-2020-13: Automatic Reclassification of Delinquent MBS Mortgage Loans
Fannie Mae updated Lender Letter LL-2020-13 to provide procedural details for servicers related to the reclassification of delinquent MBS mortgage loans and to clarify effective dates.
28 Oct 2020
Fannie Mae Lender Letter LL-2020-05: Payment Deferral
Fannie Mae updated its Payment Deferral Lender Letter to clarify that a borrower’s acceptance of a payment deferral will result in the mortgage loan’s withdrawal from HAMP and the loss of any future HAMP “pay for performance” incentives.
14 Oct 2020
Fannie Mae Lender Letter LL-2020-11: Disaster Payment Deferral
Fannie Mae announced that LL-2020-11 has been revised to clarify the intent of certain requirements in response to servicer inquiries. Additionally, an update has been made on the authority to offer an initial forbearance plan of up to three months without achieving quality right party contact in certain circumstances in connection with a disaster event.
27 Aug 2020
Fannie Mae: Lender Letter: Guidance on Credit Report Changes; Impacts to HSSN and SMDU This Weekend
Fannie Mae issued a news release highlighting a number of updates relevant to servicers and sellers.
14 Jun 2017
Fannie Mae Lender Letter LL-2016-04 Mortgage Insurance Updates
Fannie Mae released a Lender Letter containing updates to several mortgage insurance requirements and lists.
26 Jul 2016
Fannie Mae LL-2014-16 Advance Notice of Future Changes to Investor Reporting Requirements
On November 13, Fannie Mae released Lender Letter LL-2014-16, subtitled Advance Notice of Future Changes to Investor Reporting Requirements.
14 Nov 2014