Saturday, 21 May 2022 | The Latest Buzz for the Appraisal Industry

Ginnie Mae Further Streamlines Advanced Loan Modifications

On Friday afternoon, Ginnie Mae issued a new memorandum (APM 22-01) stating that they are streamlining its documentation requirements for servicers participating in the Federal Housing Administration’s (FHA) Advanced Loan Modification program (ALM).  The memo does away with the requirement for recordation and title insurance in some cases.  The new policy supports the current Administration’s “goal of assisting homeowners impacted by the pandemic get on the road to …

The post Ginnie Mae Further Streamlines Advanced Loan Modifications appeared first on DSNews.

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