NJHMFA Lender Bulletin Important Program Updates for Participating Lenders

July 26, 2019

Lender Bulletin 2019-11: NJHMFA Mortgage Schedule Form 101 and Partial Payments

Effected Programs: All NJHMFA Programs Effective Date: Ongoing

Attention Lenders: NJHMFA Mortgage Schedule Form 101  This bulletin details the recent change effective immediately on the NJHMFA Mortgage Schedule Form 101. Participating Lenders must list their HMFA Seller Servicer Number at the top of the form. The NJHMFA Seller Servicer Number is a 3 or 4 digit number that is assigned to each NJHMFA Participating Lender.   Partial Payments Reminders This is a reminder that NJHMFA does not accept partial payments. Please remove the following language from the CD or ensure that the box remains unchecked on the CD that states: “We do not accept partial payments, if this loan is sold, your new lender may have a different policy.”

Questions? Need Help? If you have questions about one of our loan products or need help with a loan in the ILRS system, please e-mail your requests to SFLenders@njhmfa.gov . Access Forms, Checklists, Policies, Previous Lender Bulletins and More at the Lender Resources Page: www.njhousing.gov/lenders/

New Jersey Housing and Mortgage Finance Agency | 609-278-7400 | NJHousing.gov