FHFA Limiting Fannie Mae and Freddie Mac Loan Purchases to “Qualified Mortgages”

Fannie Mae and Freddie Mac will limit future mortgage acquisitions to loans that meet the requirements for a qualified mortgage. This new development takes effect in January.

Compliance Question of the Week

How can I learn more about setting up an escrow account?

FHFA Issues New Standard Short Sale Guidelines

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are issuing new guidelines to their mortgage servicers to standardize short sale practices that will go into effect Nov. 1.

Administration Enhances Foreclosure-Help Program

The Federal Housing Finance Agency announced changes to the Home Affordable Refinance Program to attract more underwater borrowers who could benefit from refinancing their home mortgages.