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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RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing updated Electronic Status Reporting codes for mortgage servicers. Per the Notice, Default Status Code 10 was
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
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