See below for MFM Bulletin Notifications sent to our Credit Union Partners

2024 Bulletins:

• Buyer Agent Fee updates (11.5.24)
• Reconsideration of Value (ROV) Policy and Procedures (10.25.24)
• Hazard Insurance Updates (10.17.24)
• Updates to MFM Underwriting Overlays (10.16.24)
• Hurricane Milton Disaster Areas update (10.16.24)
• Hurricane Milton (10.8.24)
• Hurricane Helene Disaster Areas update (9.30.24)
• Hurricane Helene (9.27.24)
• Freddie Mac Underwriting and Documentation Requirement Updates (9.27.24)
• Radian Jumbo QM Program updates (9.23.24)
• USDA Fiscal Year 2025 (9.16.24)
• VA Manual Underwriting Program Guidelines (9.12.24)
• Freddie Mac Flood Insurance effective date changes (8.26.24)
• Freddie Mac Flood Insurance update (8.16.24)
• VA Real Estate Broker Compensation changes (7.23.24)
• Funding Authorization Process Updates (6.19.24)
• Hybrid eClosing Updates (6.19.24)
• Freddie Mac ACE and ACE+PDR changes (6.17.24)
• FHA 4000.1 Handbook Changes (6.7.24)
• MFM Standard Reports update – with attachments (6.5.24)
• MFM Hazard and Flood Insurance Requirement Updates – with attachments (5.30.24)
• Credit Report on Pre-Approvals Update – with attachments (5.17.24)
• 2024 FHFA Area Median Income Limits (5.14.24)
• USDA Income Disclosure form (4.29.24)
• MFM Non-Delegated Mortgage Insurance Policy updates (4.11.24)
• FAQ on Seller-Paid Commissions Related to NAR Settlement (4.9.24)
• Freddie Mac updates on Trust Income and Manufactured Home requirements (4.9.24)
• Tax Return and Documentation Requirements (3.20.24)
• Fannie and Freddie Hazard Insurance updates (3.12.24)
• HomeReady and Home Possible VLIP Enhancements (3.5.24)
• Freddie Mac Policy update (2.9.24)
• MFM Underwriting Overlays update (1.11.24)

2023 Bulletins:

• VA 2024 Loan Limits (12.27.23)
• HO-6 Condominium Insurance Requirements (12.26.23)
• New Marketing Menu and Fee Structure (12.1.23)
• FHA 2024 Maximum Loan Limits (11.30.23)
• Fannie and Freddie 2024 Conforming Loan Limits (11.30.23)
• VA Lender Handbook changes (11.20.23)
• AUS for FHA and VA loans (11.6.23)
• Fannie Mae DU Release Updates (10.25.23)
• Fannie Mae Policy Updates (10.24.23)
• Updates to MFM Underwriting Overlays (10.10.23)
• Introducing New Investors Penny Mac and Planet Home Lending (9.20.23)
• USDA Rural Development Eligibility Area Changes (9.11.23)
• FHA DPA Loan Program from Essex Mortgage (8.11.23)
• Fannie Mae One-Time-Close Construction Loan Program (8.4.23)
• Fannie Mae Policy Updates (8.3.23)
• FHFA Area Median Income (AMI) Limit updates (6.19.23)
• MSHDA Policy Updates and 2023 Income/Sales Prices Limits (6.5.23)
• Additional updates to Freddie Mac Ace Eligibility – ACE+PDR Enhancements (5.12.23)
• FHFA rescinds Proposed LLPA for DTI Ratios (5.10.23)
• MSHDA Homeownership Lender Letter updates (5.10.23)
• Fannie Mae Property Inspection Waiver Changes and 1004D Completion Alternatives (4/28/23)
• Fannie Mae Updates Regarding Medical Collections and Use of Real Estate Commission as Assets (4/11/23)
• New QM Jumbo Product Available (4/7/23)
• Fannie/Freddie DTI LLPA Change (3/17/23)
• Tax Return and Documentation Requirements (3/17/23)
• FHA Annual MIP Rate Reduction (3/1/23)
• Seller Paid Buydowns (2/28/23)
• VA Funding Fee changes (2/24/23)
• Fannie Mae and Freddie Mac retiring of policies and flexibilities due to COVID-19 (2/23/23)
• Fannie Mae and Freddie Mac LLPA changes (2/16/23)
• Fannie Mae and Freddie Mac Supplemental Consumer Information Form 1103 (SCIF) (2/9/23)
• Fannie Mae Cash-Out Refinance Eligibility (2/3/23)
• Freddie Mac Selling Guide changes (1/11/23)
• VA 2023 Loan Limits (1/6/23)
• FHA 2023 Loan Limits (1/6/23)

2022 Bulletins:

• Credit Report Fee changes (12/21/22)
• Updates to Fannie and Freddie LLPAs (12/12/22)
• Fannie and Freddie 2023 Loan Limits (11/30/22)
• Updates to FHFA Credit Fees Cap (11/22/22)
• New Government Loans Investor – Village Capital Investments, LLC (11/7/22)
• Manual Underwriting on FHA (11/7/22)
• Additional Updates to Property Inspection Appraisal Waiver Acknowledgment (10/13/22)
• Updates to Property Inspection Appraisal Waiver Acknowledgment (10/7/22)
• USDA: Fiscal Year 2023 Conditional Commitment Notice (9/30/22)
• Updates to Freddie Mac ACE Eligibility (8/8/22)
  • Freddie Mac ACE+ PDR Job Aid
• Updates to FHA Appraisal Periods (7.13.22)
• Updates to MFM Underwriting Overlays (6/8/22)
• Updates to MFM Underwriting Overlays (5/26/22)
• Updates to USDA Eligibility of Non-U.S. Citizens (5/6/22)
• Updates to AmeriHome Mortgage Portfolio Express program (4/22/22)
• Freddie Mac updates regarding REFI Possible, Military borrowers and Manufactured Homes (4/12/22)
• Updates to Fannie Mae RefiNow and Asset Documentation Flexibility (4/12/22)
• Introducing AmeriHome Mortgage Portfolio Express program (4/12/22)
• ECOA Valuation Disclosure Requirements for Denied and Withdrawn Applications (4/5/22)
• Revised QM Procedures for Portfolio Loans (3/28/22)
  • MFM Qualified Mortgage (QM) Policy
• Desktop Appraisals (3/14/2022)
• Tax Return and Documentation Requirements (2/22/22)
• Fannie Mae and Freddie Mac COVID-19 Policy Updates (2/3/22)
• FHA 4000.1 Handbook Changes and Guideline Clarifications (2/2/22)
• VA IRRRL Guidelines (2/1/22)
• Freddie Mac and Fannie Mae Second Home/High Balance Pricing Updates (1/19/22)
• Freddie Mac and Fannie Mae Condo Project Review changes (1/18/22)
  • Fannie Mae Form 1076: Condominium Project Questionnaire 
• Updated VA Counseling Checklist Form (1/12/22)
• New FHA and VA Investor (1/11/22)
• AmeriHome Credit Score Requirements (1/11/22)

2021 Bulletins:

• Freddie Mac Changes (12/14/21)
• Fannie Mae Changes (12/13/21)
• FHA 2022 Mortgage Limits (12/7/21)
• Fannie and Freddie 2022 Loan Limits (12/2/21)
• New Refi Programs (11/9/21)
• Blue Sage Product Selection (11/2/21)
• Member First Mortgage Overlays (11/1/21)
• Positive Rent Payment History Added to DU Risk Assessment (10/20/21)
• USDA Fiscal Year 2022 Conditional Commitments Notice (9/30/21)
• Updated MFM Disaster Policies and Procedures (8/19/21)
• Guidance on COVID-19 Related Doc. Requirement Updates (8/19/21)
• Freddie Mac Miscellaneous Selling Guide Updates (7/29/21)
• Upcoming Changes with Save The Dream Ohio Program – Help for Homeowners (7/29/21)
• Update for Michigan Homeowner Assistance Fund (MIHAF) Program (7/28/21)
• Member First Mortgage Overlays (6/30/21)
• Michigan Only: Upcoming changes with MSHDA H4HH Program (6/29/21)
• FHA Student Loan Payment Calculations (6/25/21)
• Juneteenth New Federal Holiday Impact (6/18/21)
• Fannie Mae and Freddie Mac Loan Eligibility Changes due to revised General QM Rule (6/7/21)
• Rescission of Appraisal Flexibilities due to COVID – Exterior Only and Desktop Appraisals (5/21/21)
• Power of Attorney (5/20/21)
• VA IRRRL and FHA Streamline refinances (4/15/21)
• Tax Return Requirements (4/6/2021)
• MSHDA Policy Update (2/16/2021)
• Updated FHA Eligibility (DACA) Requirements (2/12/21)
• Updated USDA GUS (2/9/21)
• Extension of COVID-19 policies and further guidance on conventional refi (2/4/21)

2020 Bulletins:

• Self-Employed Income Requirement updates (12/11/20)
• Freddie Mac Guide Bulletins 2020-31 and 2020-36 (10/7/20)
• Additional requirements for self-employed borrowers (6/13/20)
• Eligibility requirements for self-employed borrowers (6/10/20)
• Additional eligibility requirements related to COVID-19 (5/26/20)
• Fannie and Freddie COVID-19 flexibilities (4/2/20)
• VA cash-out refinance guideline changes (1/27/20)
• VA cash-out refinances (1/15/20)