FHA issued Mortgagee Letter 2016-12. The Mortgagee Letter revises the maximum fee that may be charged by an FHA-approved 203(k) consultant for a draw inspection. The consultant draw inspection fee must be reasonable and customary for the area, but in no event may exceed $350.
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Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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