SS Memo 12-03

SELLING GUIDE REVISIONS: CONTACT UNDERWRITING

Date: June 13, 2012

Tax-Exempt Program Acquisition Cost Limits

Acquisition Cost Limits have increased and are posted. Lenders may begin using the new limits effective immediately, but they must be used for any commitment issued on or after June 24, 2012.

Acquisition Cost Limits - 2012

SERVICING GUIDE REVISIONS: CONTACT SERVICING

Response to Action/Status Request

(Section 13001.05 - Foreclosure and Repossessions)

Revised form SER-87 to include certifications and timeline notifications

Checklist for REO Case Files

(Section 13001.05, 13001.06.D, 13001.08.A.5, 13001.09 - Foreclosure and Repossessions)
(Section 15000.02.A.1 - Real Estate Owned)

The time frame to submit the REO Case file has been reduced from 15 days to 10 days.

Revised form SER-90A to PDF fill-in.

Proceeds Remittal

Revised form SER-92

Recommendation for Disbursement of Rent-Up or Operating Reserves

  • (Section 11001.05 Escrow Deposit Accounts)
  • (Section 21000.03, 21000.05, 21000.06 - Multi-Family Servicing)
  • (Section 21001.08.C - Multi-Family Delinquency Servicing)
  • New form SER-101 PDF fill-in for Disbursements of Rent-up or Operating Reserves

FORMS GUIDE REVISIONS: CONTACT UNDERWRITING

(Available in PDF only - Adobe Acrobat or Adobe Reader is required to read and print PDF files)

New/Revised Forms

  • SER-87 (Revised)
  • SER-90A (Revised)
  • SER-92 (Revised)
  • SER-101 (New)

Attachments

(Available in PDF only - Adobe Acrobat or Adobe Reader is required to read and print PDF files)