by Donna Rowe | Nov 23, 2020 | COVID-19, News
The StoneHill Group continually monitors the mortgage industry for changes that impact our clients. Here are the most recent Agency updates. Origination Agency Updates Related to COVID-19 November 17, 2020 Fannie Mae LL-2020-04: Impact of COVID-19 on Appraisals...
by Donna Rowe | Aug 27, 2020 | COVID-19, News
The StoneHill Group continually monitors the mortgage industry for changes that impact our clients. Here are the most recent Agency updates. Origination Agency Updates Related to COVID-19 August 5, 2020 Freddie Mac We continue to work closely with Fannie Mae under the...
by Donna Rowe | Jul 2, 2020 | COVID-19, News
The StoneHill Group continually monitors the mortgage industry for changes that impact our clients. Here are the most recent Agency updates. June 26, 2020 Temporary Waiver of QC Requirements for Early Payment Defaults Today, June 22, 2020, FHA issued a temporary...
by Donna Rowe | Jun 10, 2020 | COVID-19, News
Fannie Mae Requirements for borrowers using self-employment income to qualify Effective: Lenders are encouraged to apply these requirements to existing loans in process; however, they must be applied to loans with application dates on or after Jun. 11, 2020 until...
by Donna Rowe | May 15, 2020 | COVID-19, News
As a result of the COVID-19 pandemic, the agencies have issued temporary flexibilities around certain items. The Stonehill Group has compiled a list of these changes for your convenience. Please click on the link to review all COVID-19 Updates from the agencies.
by Donna Rowe | Apr 15, 2020 | COVID-19, News
HUD is working to provide Mortgagees and Borrowers with additional Loss Mitigation Home Retention Options due to the COVID-19 National Emergency, clarify requirements around these options, and fully implement the Coronavirus Aid, Relief, and Economic Security Act...
by Donna Rowe | Apr 15, 2020 | COVID-19, News
As stated in the April 14, 2020 HousingWire Article; Citing the need to “extend financing to creditworthy households and businesses quickly in the wake of the national emergency declared in connection with COVID-19,” a trio of federal banking regulators announced...
by Donna Rowe | Apr 6, 2020 | COVID-19, News
Additional Directives from The Stonehill Group Tax Transcripts To date, we have not had any communication from the Agencies concerning Tax Transcripts. According to our Vendor and as per the IRS communication, the IRS is currently not processing the requests. We are...
by Donna Rowe | Mar 27, 2020 | COVID-19, News
StoneHill is continuously monitoring the COVID-19 pandemic to anticipate any adverse impact to our clients, employees, or business processes. We have proactively migrated our team to remote work to ensure their safety and to adhere with various public health...
by Donna Rowe | Mar 24, 2020 | COVID-19, News
Washington, D.C. – Today, to facilitate liquidity in the mortgage market during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac (the Enterprises) to provide alternative flexibilities to satisfy...
