[The latest news for Minnesota Housing homeownership lender partners]
Reminder: Conventional Product Changes
Fannie Mae recently announced changes to their conventional loan products that affect our Start Up and Step Up conventional loans. Please see our August 20 eNews, view the Critical Lender Update slides, and listen to the recorded Critical Lender Update for more information. Enter your information, click on "Register" and the webinar will begin.
HDS Access to End
Minnesota Housing successfully moved to a new loan commitment system this past April. Lender access to the previous commitment system (also known as HDS) ends effective August 30, 2019. Although lender access to HDS ends August 30, our website will reference the previous commitment system until September 5 due to the website update schedule.
Please contact the Partner Solutions Team if you have any questions or you need information on loans committed before April 22, 2019.
Update: FHA Mortgagee Letter 2019-12
Earlier this month HUD published Mortgagee Letter 2019-12, which rescinded the guidance previously published in ML 2019-06. Minnesota Housing is not making any changes to our programs or documentation as a result of the rescission of ML 2019-12.
Continue to use the revised FHA DPA Commitment Form(dated 7/23/19) for FHA first mortgage loans with a downpayment and closing cost loan committed as of August 1.
Office Closed on Labor Day
Minnesota Housing will be closed on Monday, September 2 for Labor Day. Lenders will be unable to lock new loans between 8:00 p.m. on Friday, August 30 and 10:00 a.m. on Tuesday, September 3.
When you register, you will be signed up for all sessions but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
