-
Increases the maximum original loan amounts for mortgages
delivered on or after January 1, 2003
-
Revises the requirements for refinance mortgages and cash-out
refinance mortgage postsettlement delivery fee rates
-
Provides guidance on the treatment of installment debts deferred
or in the forebearance period
-
Changes the effective date for revised construction to permanent
mortgage requirements announced in October Bulletin
-
Reminds lenders of updated requirements for A-minus, other
Caution, and Non-Loan Prospector mortgages and changes to
postsettlement delivery fees effective for settlements on or after
January 2, 2003
-
Revises the delivery requirements for Offering Circular
Supplements
-
Reminds lenders of the Guide requirements for purchase of
mortgages secured by manufactured homes
-
Revises Form 1092 (Brokers Price Opinion)
-
Revises GoldWorks payment cycle and the requirement for
mandatory remittance via ACH draft
-
Eliminates the requirement for recordable assignments to Freddie
Mac for mortgages serviced for Freddie Mac
-
Provides for the eligibility of mortgages endorsed using an
allonge
-
Introduces a designated counsel/trustee in the State of
Michigan
-
Revises reimbursement amounts for evictions and attorney fees
for foreclosures
-
Increases the maximum original loan amounts for mortgages delivered on or after January 1, 2003
-
Revises the requirements for refinance mortgages and cash-out refinance mortgage postsettlement delivery fee rates
-
Provides guidance on the treatment of installment debts deferred or in the forebearance period
-
Changes the effective date for revised construction to permanent mortgage requirements announced in October Bulletin
-
Reminds lenders of updated requirements for A-minus, other Caution, and Non-Loan Prospector mortgages and changes to postsettlement delivery fees effective for settlements on or after January 2, 2003
-
Revises the delivery requirements for Offering Circular Supplements
-
Reminds lenders of the Guide requirements for purchase of mortgages secured by manufactured homes
-
Revises Form 1092 (Brokers Price Opinion)
-
Revises GoldWorks payment cycle and the requirement for mandatory remittance via ACH draft
-
Eliminates the requirement for recordable assignments to Freddie Mac for mortgages serviced for Freddie Mac
-
Provides for the eligibility of mortgages endorsed using an allonge
-
Introduces a designated counsel/trustee in the State of Michigan
-
Revises reimbursement amounts for evictions and attorney fees for foreclosures
