HUD issued Mortgagee Letter 2016-06. This Mortgagee Letter announces revisions to form HUD 92900-A, HUD/VA, Addendum to Uniform Residential Loan Application. Mortgagees must use the updated HUD 92900-A for case numbers assigned on or after August 1, 2016.

State Compliance Summary
Tennessee Increases Permissible Interest Rate for Closed-end Loans under Industrial Loan and Thrift Companies Act
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the