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09/01/2014 The best and worst markets for house flippers - Flippers nationwide bought at average 8% below and sold at 6% above
Housingwire.com by Trey Garrison — In the second quarter on average flippers bought properties for an 8% discount below their estimated market value (via automated valuation model) and re-sold them at an average 6% premium above their estimated market value, according to RealtyTrac.
09/01/2014 ADFINET UPDATES

Click link above for new updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding Mortgages Secured By Properties With an Outstanding Property Assessed Clean Energy(PACE)OR PACE-Like Obligation Ineligible For Purchase

Bulletin 2014-15, regarding Selling and Servicing Updates.

FANNIE MAE HAS RELEASED:

Fannie Mae DU Release Notes for Government Loans, Release Date of April 24, 2014

Fannie Mae DU Release Notes for Lenders, dated July 1, 2014 for September 2014 Release

Servicing Announcement 2014-15, concerning Updates to Project Insurance

Selling Announcement SEL-2014-10, regarding Selling Guide Updates

Lender Letter LL-2014-03, entitled City of Chicago Vacant Property Ordinance Update

FHA HAS RELEASED:

Mortgagee Letter 2014-16, entitled Electronic Retention of Foreclosure-Related Documentation

Housing Notice H-2014-09, entitled Relocation Requirements under the Rental Assistance Demonstration (RAD) Program, Public Housing in the First Component

GINNIE MAE HAS RELEASED:

APM 14-11, entitled Electronic Issuer Application – New Application Connection; Revised MBS Issuer Eligibility Requirements

MPM 14-01, entitled Change in Sponsor Representation Regarding Mortgage Loan Delinquency Status and Trustee’s Determination of LIBOR Using the ICE LIBOR Method

VETERANS AFFAIRS HAS RELEASED:

Circular 26-14-19, entitled Processing Request for Execution of Quitclaim Deeds

RURAL HOUSING SERVICE HAS RELEASED:

Administrative Notice 4758, entitled Single Family Housing Guaranteed Loan Program-Outbuildings and Property Eligibility

08/29/2014 FICO changes could mean more credit access, MGIC says -More programs available for borrowers on the margin
Housingwire.com by Trey Garrison — FICO scores will ignore debts that have been paid off or settled, and a lesser weight will be assigned to medical bill collections, which account for about half of all unpaid collections on consumers’ credit reports, according to a note from MGIC (MTG).

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