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05/18/2012 Feds seek higher penalties in lieu of admission of guilt requirements
Housingwire.com by Jon Prior — Federal regulators rejected the idea of requiring an "admission of guilt" in settlements with financial institutions, but the Securities and Exchange Commission asked for the flexibility to clawback higher penalties. And some lawmakers expressed interest in granting it.
05/18/2012 ADFINET UPDATES

Click link above for new updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding transitioning to the ULDD-compliant data points and file format

Bulletin 2012-11, regarding updates to our Selling requirements regarding Relief Refinance Mortgages.

FANNIE MAE HAS RELEASED:

Fannie Mae DU Release Notes for Government Loans, Release Date of March 3, 2012

Fannie Mae DO Release Notes for Government Loans, dated September 27,2011 for December 17, 2011 Release

Servicing Announcement SVC2012-08, New Document Custodian Requirements

Selling Announcement SEL-2012-02, regarding updates to Project Eligibility Review Service

Lender Letter LL-2012-04, entitled City of Chicago Vacant Property Ordinance Update

FHA HAS RELEASED:

Mortgagee Letter 2012-9, entitled Annual Base City High Cost Percentage and High Cost Area Revisions for 2012

Housing Notice H-2012-10, entitled Guidelines for Assumption, Subordination, or Assignment of Mark-to-Market (M2M) Loans in Transfer of Physical Assets (TPA) and Refinance Transactions

GINNIE MAE HAS RELEASED:

APM 12-07, entitled Single-Family Data Elements re: Pooling Loans, Monthly Pool and Loan Level Reporting, and Clarification of Data Definitions

MPM 11-07, entitled A New Securitized Transaction Financial Advisor for Ginnie Mae’s Multiclass Securities Program

VETERANS AFFAIRS HAS RELEASED:

Circular 26-12-1, entitled 2012 Department of Veteran Affairs Loan Limits

RURAL HOUSING SERVICE HAS RELEASED:

Administrative Notice 4636, entitled Single Family Housing Guaranteed Loan Program Checklist for Guaranteed Loans

05/17/2012 Delinquencies Decline in Latest MBA Mortgage Delinquency Survey
WASHINGTON, D.C. (May 16, 2012) — The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the first quarter of 2012, a decrease of 18 basis points from the fourth quarter of 2011, and a decrease of 92 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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