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• Directive 2012-07: Format for the Interest Rate Notification (02/01/12).
• Directive 2012-06: Reopening of the Rural Housing Services Program (01/31/12).
• Directive 2012-05: Interest Rate Changes - Timing of Notification(01/27/12).
• Directive 2012-04: CDA/US BANK MANDATORY WEBINAR TRAINING (1/19/12).
• Directive 2012-03: DHCD Offices Closed on January 16.
• Directive 2012-02: Deadline for Retuning Executed Copies of the Mortgage Origination Agreement and Obtaining Participating Lender Approval from U S Bank.
• Directive 2012-01: Lender Compensation.

• Directive 2011-38: DHCD Offices closed. (12/22/11)
• Directive 2011-37: Execution of New Mortgage Origination Agreement (lenders not currently participating. (12/12/11)
• Directive 2011-36: Mortgage Origination Agreement. (12/08/11)
• Directive 2011-35: Corrected 1st Mortgage Program Codes. (12/02/11)
• Directive 2011-34: Loans Reserved On or After December 1 2011. (11/30/11)
• Directive 2011-33: DHCD Offices closed on November 23rd 24th and 25th. (11/18/11)
• Directive 2011-32: Selection of U S Bank as CDA's New Master Servicer. (11/10/11)
• Directive 2011-31: Interest Rates Increased. (11/09/11)
• Directive 2011-30: Temporary Suspension of theAcq Rehab Program (11/01/11)
• Directive 2011-29: Final Dates for Loans Delivered to Bank of America (10/19/11)
• Directive 2011-28: Temporary Suspension of the Acquisition Rehab Program (10/19/11)
• Directive 2011-27: Interest Rates Increased (10/12/11)
• Directive 2011-26: Expected Exit of Bank of America as CDA's Master Servicer (10/07/11)
• Directive 2011-25: Suspension of Rural Housing Services Program (09/22/11)
• Directive 2011-24: Changing to a Pre-Closing Compliance Review (09/08/11)
• Directive 2011-23: Recurring Conditions on Post Closing Compliance Submission (Attachments AA and BB)
• Directive 2011-22: Revised DSELP DOT and DOT Note (08/26/11)
• Directive 2011-21: Revised Attachments AA and BB (08/25/11)
• Directive 2011-20: Interest Rates Decreased (08/22/11)
• Directive 2011-19: Interest Rate Changes - Timing of Notification (08/18/11)
• Directive 2011-18: Recapture Tax Notice (08/12/11)
• Directive 2011-17: Income Limits, Maximum Acquisition Costs and FHA Maximum Mortgage Amounts for 2011 (08/12/11)
• Directive 2011-16: Interest Rates Decreased (08/12/11)
• Directive 2011-15: CDA Assurance Program (08/10/11)
• Directive 2011-14: Interest Rates Reduced for Loans on DHCD-owned Foreclosures (formerly referred to as "CDA REO Program") (06/03/11)
• Directive 2011-13: Interest Rates Reduced for Homeward Bound Program Loans for National Homeownership Month (06/03/11)
• Directive 2011-12: Opening of the Maryland Mortgage Program's Acquisition/Rehabilitation Program in National Homeownership Month (06/03/11)
• Directive 2011-11: DSELP Commitment Letter and Closing Instructions on Website and Lender Online (04/21/11)
• Directive 2011-10: Revised DSELP Deed of Trust and Deed of Trust Note (04/19/11)
• Directive 2011-09: Interest Rates Increased (04/15/11)
• Directive 2011-08: Extension of the Highest Fee Earned Date for CDA/REO Program Loans (04/18/11)
• Directive 2011-07: Interest Rates Increased (02/11/11)
• Directive 2011-06: Extension of the Highest Fee Earned Date for Loans on Foreclosed Homes (01/20/11)
• Directive 2011-05: DHCD Offices Closed January 17th (01/14/11)
• Directive 2011-04: Processing of Loans Reserved Prior to 01/18/11 (01/14/11)
• Directive 2011-03: Interest Rates Increased (1/7/11)
• Directive 2011-02: CDA/Bank of America Refresher Webinar Training (1/7/11)
• Directive 2011-01: Lender Online Not Accessible from 9:00 AM to 1:00 PM on Thursday, January 6th (1/4/11)

• Directive 2010-30: DHCD Offices Closed December 23rd, 24th, 30th, and 31st (12/17/10)
• Directive 2010-29: Maryland Mortgage Program to be Financed through Mortgage Backed Securities (12/17/10)
• Directive 2010-28: Extension of the Highest Fee Earned Date for Loans on Homes Involved in Short Sale Transactions (12/17/10)
• Directive 2010-27: Interest Rates Increased (12/3/10)
• Directive 2010-26: Reduced Interest Rates for Loans on Eligible Properties in CDA's REO Inventory (11/19/10)
• Directive 2010-25: DHCD Offices Closed November 24TH, 25TH AND 26TH (11/19/10)
• Directive 2010-24: Down Loading Second Mortgage Documents From LOL (11/19/10)
• Directive 2010-23: Acquisition/Rehabilitation Program - Updates as a Result of Feedback (11/3/10)
• Directive 2010-22: BRAC Match Program (10/22/10)
• Directive 2010-21: Revised Start Date for MBS Program and New Deadline for Returning Executed Agreements (10/15/10)
• Directive 2010-20: Feedback Requested on Acquisition/Rehab Program (10/13/10)
• Directive 2010-19: CDA/Bank of America Webinar Training (10/8/10)
• Directive 2010-18: Interest Rates Reduced (10/5/10)
• Directive 2010-17: Single family Housing Staff at Governor's Conference on 10/5/10 (10/4/10)
• Directive 2010-16: Revised Start Date for MBS Program and New Deadline for Returning Agreement (9/29/10)
• Directive 2010-15: Mortgage Origination Agreement & Revised Start Date for MBS Program (9/2/10)
• Directive 2010-14: CDA/Bank America Webinar Training (9/1/10)
• Directive 2010-13: Offices Closed September 2nd, 3rd and 6th (8/24/10)
• Directive 2010-12: Maryland Mortgage Program to be Financed Through Mortgage-Backed Securities (8/13/10)
• Directive 2010-11: Interest Rates Reduced and DSELP/Partner Match Changes (8/6/10)
• Directive 2010-10: Revised Recapture Tax Notice (7/12/10)
• Directive 2010-09: Lender Score Card (7/12/10)
• Directive 2010-08: Income Limits, Maximum Acquisition Costs and FHA Maximum Mortgage Amounts for 2010 (7/8/10)
• Directive 2010-07: Interest Rate Reduced in Support of BRAC (7/8/10)
• Directive 2010-06: Updated Lender's Manual and Checklists (6/16/10)
• Directive 2010-05: Interest Rates Reduced for National Homeownership Month (5/27/10)
• Directive 2010-04: DHCD Offices Closed May 28th and May 31st (5/24/10)
• Directive 2010-03: PARTICIPATION AGREEMENT FOR CALENDAR YEARS 2010 and 2011 (2/23/10)
• Directive 2010-02: Interest Rates Reduced and Grant Programs Eliminated (2/19/10)
• Directive 2010-01: Revised Lender Fee Schedule (1/15/10)

• Directive 2009-22: Interest Rates Reduced (12/11/09)
• Directive 2009-21: DHCD OFFICES CLOSED NOVEMBER 25TH, 26TH AND 27TH (11/20/09)
• Directive 2009-20: CHANGES TO MINIMUM CREDIT SCORE FOR GOVERNMENT LOANS (11/20/09)
• Directive 2009-19: CDA TO PERFORM AUDITS ON 100% OF MMP FILE SUBMISSIONS; CHANGES TO REQUIRED DOCUMENTATION FOR FILE SUBMISSIONS (11/23/09)
• Directive 2009-17: Interest Rates Increased (08/07/09)
• Directive 2009-16: DSELP Maximum Loan Amount Decreased (06/30/09)
• Directive 2009-15: Revised Recapture Tax Notice (06/11/09)
• Directive 2009-14: New DSELP Subordination Policy (05/29/09)
• Directive 2009-13: DSELP Maximum Loan Amount Increased for Homeownership Month (05/29/09)
• Directive 2009-12: New Income Limits, Maximum Acquisition Costs and FHA Maximum Mortgage Amounts for 2009 (05/18/09)
• Directive 2009-11: Clarification of MERS Transfer Process (05/12/09)
• Directive 2009-10: Mortgage Electronic Registration Systems, Inc. (MERS) (05/07/09)
• Directive 2009-09: Program Changes Extended into May (04/30/09)
• Directive 2009-07: Program Changes in Fair Housing Month (04/24/09)
• Directive 2009-04: Comparison between the 2008 and 2009 Federal First-time Homebuyer Tax Credit (03/05/09)
• Directive 2009-03: Government Loans (FHA-insured and VA- and RHS-guaranteed loans) - only eligible loans for our programs(2/27/09)
• Directive 2009-02: Federal First-time Homebuyer Tax Credit (2/03/09)
• Directive 2009-01: Changes To The Underwriting Guidelines (1/15/09)

• Directive 2008-28: Interest Rates Reduced (12/09/08)
• Directive 2008-27: Elimination of the Interest Only Products (12/03/08)
• Directive 2008-26: M H F Mortgage Insurance Program Suspension(11/10/08)
• Directive 2008-25: Amended Mortgage Purchase Agreement requirement for the Lifeline and Homesaver Refinance Mortgage Programs
• Directive 2008-24: Lifeline and Homesaver Refinance Mortgage Programs loans now being funded with tax-exempt mortgage revenue bonds(11/05/08)
• Directive 2008-23: Interest Rate Increases (10/10/08)
• Directive 2008-22: Lenders required to report EINs on FHA loans (09/30/08)
• Directive 2008-21: Revised Attachment P - Bogman, Inc. Loan Servicing Transfer Guidelines (09/26/08)
• Directive 2008-20: Elimination of the Lender Paid Mortgage Insurance (LPMI) Program (09/23/2008)
• Directive 2008-19: Interest Rate Increases (07/03/08)
• Directive 2008-18: Final Documents Pipeline Report (06/16/08)
• Directive 2008-17: Purchase Advice Report (06/16/08)
• Directive 2008-16: Mortgage Insurance/Guarantee - Active Status and Required Premiums Paid (06/16/08)
• Directive 2008-15: NEW MINIMUM CREDIT SCORE FOR THE HOMESAVER REFINANCE MORTGAGE PROGRAM (06/06/08)
• Directive 2008-14: INTEREST RATE INCREASES - LIFELINE AND HOMESAVER REFINANCE MORTGAGE PROGRAM (06/06/08)
• Directive 2008-13: "REPRESENTATIVE" CREDIT SCORE FOR CONVENTIONAL LOANS (06/05/08)
• Directive 2008-12: RECEIPT FOR HAZARD INSURANCE (06/05/08)
• Directive 2008-11: Waiving Default as a Reason Not to Purchase a Homesaver loan (05/02/08)
• Directive 2008-10: MI Companies Must Have Acceptable Rating (04/25/08)
• Directive 2008-9: Elimination of the 5/30 and 7/33 Interest-Only Lifeline Product (04/25/08)
• Directive 2008-8: Revised Recapture Tax Notice (04/25/08)
• Directive 2008-7: New Income and Purchase Price Limits for 2008 (04/25/08)
• Directive 2008-6: Changes to 2% and 3% Grant Programs (04/08/08)
• Directive 2008-5: No Minimum Credit Score for Government-Insured/Guaranteed Loans (04/25/08)
• Directive 2008-4: Homesaver Refinance Mortgage Program (01/15/08)
• Directive 2008-3: MHF now insuring Lifeline Refinance Program (01/31/08)
• Directive 2008-2: Increase in Maximum Loan Amount - Matching Program (01/31/08)
• Directive 2008-1: Interest Rate Decreases - MMP and Lifeline Refinance Program (01/31/08)

• Directive 2007-15: ELIMINATION OF THE 7/23 INTEREST-ONLY PRODUCT (11/27/07)
• Directive 2007-14: CHANGES TO THE UNDERWRITING GUIDELINES (11/27/07)
• Directive 2007-13: CHANGES TO DSELP AND MATCHING PROGRAMS (11/27/07)
• Directive 2007-12: New Minimum Credit Score Policy (10/05/07)
• Directive 2007-11: Interest Rate Increases (07/02/2007)
• Directive 2007-10: New Income and Purchase Price Limits for 2007
• Directive 2007-9: Revised Recapture Tax Notice (05/11/07)
• Directive 2007-8: New Minimum Credit Score That Requires Review
• Directive 2007-7: Interest Rate Increases
• Directive 2007-6: Changes to the Program
• Directive 2007-5: Credit Report and VOR in lieu of Tax Returns
• Directive 2007-3: Builder/Developer Incentive Program
• Directive 2007-2: New distance requirement for the LNYW PLUS Program
• Directive 2007-1: Modified Guidelines for Reviewing Credit Scores Below 575

• Directive 2006-16 : OCTOBER HOMEOWNERSHIP SALE ENDING
• Directive 2006-15 : Lender-Paid Mortgage Insurance
• Directive 2006-14 : "October Special" - interest rates reduced 1/4%
• Directive 2006-13 : Guidelines for Reviewing Credit Scores Below 575
• Directive 2006-12 : Live Near Your Work PLUS
• Directive 2006-11 : "Lifeline" Refinancing Mortgage Program
• Directive 2006-10 : DSELP Maximum Loan Amount
• Directive 2006-9 : Two new interest-only products and reduction in the interest rates for the interest-only products
• Directive 2006-8 : Interest Rate Increases and Replacing the 4-Point Program with the 3-Point Program
• Directive 2006-7 : NEW INCOME LIMITS FOR 2006
• Directive 2006-6 : QUICK CLOSE" PILOT PROGRAM
• Directive 2006-5 : INTEREST RATE INCREASES AND REPLACING OF THE 3-POINT PROGRAM WITH A 4-POINT PROGRAM
• Directive 2006-4 : INTEREST RATE INCREASES AND ADDITION OF A 3 POINT PROGRAM
• Directive 2006-3 : DSELP Maximum Loan Amount & HK4E Program Match for State Employees
• Directive 2006-2 : Mortgage Insurance Requirements
• Directive 2006-1 : Recapture Tax Reimbursement

• Directive 2005-3 : New Programs and Miscellaneous Reminders
• Directive 2005-2 : New Programs, increased maximum fee & updates to program
• Directive 2005-1: New Income Limits for 2005 with enclosures

• Directive 2004-6: MMP Loans Insured by One of Participating MI's
• Directive 2004-5: Revised Loan Document for the Maryland Mortgage Program
• Directive 2004-4: Approval of Automated Underwriting for VA-guaranteed Loans
• Directive 2004-3: Notice to Borrower for Calculating Potential Recapture Tax (03/09/04)
• Directive 2004-2: Participation Agreement for CY 2004
• Directive 2004-1: New Primary Sub-servicer

• Directive 2003-3: 2003 Participation Agreement

• Directive 2002-4: Housing Counseling Requirements for Borrowers Under the Maryland Mortgage Program
• Directive 2002-3: Reopening of DSELP
• Directive 2002-2: Opening of the 2002 Economic Stimulus Initiative Program
• Directive 2002-1: Revised Loan Document for the Maryland Mortgage Program

• Directive 2001-5: Revised Loan Documents for the Maryland Mortgage Program
• Directive 2001-4: Revised Loan Documents for the Maryland Mortgage Program
• Directive 2001-3: HotSpot Homeownership Initative - Phase II
• Directive 2001-2: Opening of 2001 Series A & B Bond Issue
• Directive 2001-1: Opening of HotSpot Homeownership Initiative- Phase II

• Directive 2000-12: Opening of MMP Series H Bond Issue