Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
Freddie and Fannie to limit loan eligibility to new QM rule
Fannie Mae, in Lender Letter LL-2021-09, and Freddie Mac, in Guide Bulletin 2021-13, announced that any loans purchased by the GSEs after July 1, 2021, must conform to the requirements outlined in the CFPB’s recently finalized QM final rule. Both GSEs clarified that they will continue to buy loans that fall under the "GSE patch" that have application dates on or before June 30 and settlement dates before September 1, and are purchased as whole loans before September 1, or in mortgage-backed securities pools with an issue date on or before August 1.
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