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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

September 21, 2011
Bank of America Discontinues RHS Loans |
File Review Unavailable Sept 26-28

MASTER SERVICER UPDATE

Bank of America’s Correspondent Lending is suspending the Guaranteed Rural Housing program for loans with Conditional Commitments issued on or after October 1, 2011. Correspondent Lending will continue to purchase Rural Housing loans with Conditional Commitments issued prior to October 1, 2011, although they must be purchased no later than December 15, 2011.
 

The Homeownership Division will be attending our Housing Washington conference in Spokane and will not be available for file review Monday, September 26, through Wednesday, September 28. Please plan accordingly.
 

The Commission will soon release a Request for Proposal (RFP) for Master Servicer. When the RFP is ready, an email notice will go out to our Lender Contact at your corporate offices for each lending institution with a link to the RFP posted on our Website. Please stay tuned.
 
 

 
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