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07/21/2017 Zillow: Median Home Value at New High
National Mortgage Professional Magazine.com by Phil Hall - For the first time ever, the typical U.S. home is worth more than $200,000, according to new data from Zillow. The national median home value has reached $200,400, a 7.5 percent increase from last year. Zillow attributed this new peak to a higher buyer demand and a shrinking housing inventory.
07/21/2017 ADFINET UPDATES

Click link above for more of the latest updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding Defining Responsible Lending with Changes to Lender Gift and Grant Requirements

Freddie Mac Update-07/03/17, entitled Important Update: UCD Closing Disclosure (PDF) Relief

Bulletin 2017-09, regarding Servicing Updates

FANNIE MAE HAS RELEASED:

Servicing Guide Announcement SVC-2017-05, regarding Servicing Guide Updates

Selling Guide Announcement SEL-2017-05, regarding Selling Guide Updates

Fannie Mae DO Release Notes for Government Loans , Release Date of May 16, 2017

Fannie Mae DU Release Notes for Lenders , Release Date of May 30, 2017

FHA HAS RELEASED:

Housing Notice HN 2017-05 , entitled Violence Against Women Act (VAWA) Reauthorization Act of 2013–Additional Guidance for Multifamily Owners and Management Agents

Mortgagee Letter 2017-10 , entitled Additional Period of Eligibility for 203(h) Mortgage Insurance for Disaster Victims of Specific Presidentially-Declared Major Disaster Areas (PDMDA) in Louisiana

GINNIE MAE HAS RELEASED:

APM 17-01, entitled Periodic Update to Document Custody Program

MPM 16-01, entitled Notice Regarding Ginnie Mae Reviews of Collateral Modifications of Multifamily and Healthcare Loans Backing Ginnie Mae MBS in REMICs

VA HAS RELEASED:

Circular 26-17-16, entitled Award of VA Property Management and Servicing Contract

07/20/2017 Brazen leader of massive mortgage modification scheme gets 20 years
Housingwire.com by Ben Lane - Three California residents will spend a combined 39 years in prison after being convicted for their roles in a nationwide, multi-year mortgage modification fraud scheme that scammed thousands of distressed borrowers out of at least $11 million.
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