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06/30/2015 SIGTARP snares seven schemers for massive mortgage fraud
Housingwire.com by Ben Lane — Seven California residents now face federal charges for their roles in an alleged mortgage fraud scheme that defrauded lenders of more than $3 million.
06/30/2015 ADFINET UPDATES

Click link above for new updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding Reminder of Requirements for Notification of Certain Seller/Servicer Activities and Changes

Bulletin 2015-9, regarding Servicing Updates

FANNIE MAE HAS RELEASED:

Fannie Mae DU Release Notes for Government Loans, Release Date of December 23, 2014

Fannie Mae DU Release Notes for Lenders, dated June 19, 2015 for August 2015 Release

Servicing Announcement 2015-09, concerning Servicing Guide Updates

Selling Announcement SEL-2015-06, regarding Selling Guide and Other Updates

Lender Letter LL-2015-03, entitled Tools and Processes to Increase Certainty and Reduce Repurchase Risk for Lenders

FHA HAS RELEASED:

Mortgagee Letter 2015-15, entitled Mortgagee Optional Election Assignment for Home Equity Conversion Mortgages (HECMs) with an FHA Case Number assigned prior to August 4, 2014

Housing Notice H-2015-04, entitled Methodology for Completing a Multifamily Housing Utility Analysis

GINNIE MAE HAS RELEASED:

APM 15-09, entitled SCRA Relief Reimbursement Policies Update

MPM 14-03, entitled Change in Methodology Used to Calculate Final Distribution Date for Accretion Directed Classes in Ginnie Mae Multifamily REMIC and MX Transactions and Revised Accountants’ Agreed-Upon Procedures Report

VETERANS AFFAIRS HAS RELEASED:

Circular 26-15-12, entitled New Appraisal Review Requirements and Instructions Regarding Department of Veterans Affairs Appraisal Management Service for the Lender Appraisal Processing Program and the Servicer Appraisal Processing Program Staff Appraisal Reviewers

RURAL HOUSING SERVICE HAS RELEASED:

Administrative Notice 4776, entitled Single Family Housing Guaranteed Loan Program-Electronic Signatures

06/29/2015 Strong housing data pushes 30-year fixed mortgage rate higher
The Washington Post by Kathy Orton - As the Federal Reserve contemplates raising its benchmark federal funds rate, home loans are becoming more expensive. Indications are that the days of the 30-year fixed-rate home loan at a rate below 4 percent are gone, if not for good, certainly for a long time.
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