Fannie and Freddie both issued sellers guide updates alerting lenders to upcoming changes to UAD 3.6 and URAR. Other updates affect quality control procedures, measurement standards and attorney fees.

All insurance policies related to multifamily mortgage applications must now include the borrower as a “named insured” party.

Servicers can get a head start on data reconciliation by taking advantage of a waiver of compensatory fees for servicing data requests.

Mortgage professionals can use a free online tool from Fannie to get more accurate income calculations and benefit from rep and warrant relief for the loans they sell to the GSE.

Chase Home Financial remained the largest GSE servicer with a portfolio of $589.62 billion at the end of March. But Mr. Cooper came in a close second. (Includes two data tables.)

The time frames for servicers to complete routine foreclosures will expand in 17 states and shorten in four others.

The new metrics are designed to encourage servicers to manage risk through better tracking and to achieve higher performance.

To speed up and improve the efficiency of servicing, Freddie announced enhancements to STOS, PAID and VPC.

Updates will automate parts of the voluntary partial-cancellation process that are currently manual. This tool will be available through Freddie’s Gateway portal.

Fannie seller/servicers must now have information security programs that meet NIST or ISO standards.