FHA announced the forward mortgage loan limits for 2017. The 2017 “floor” and “ceiling” loan limits for a one-unit property are increased to $275,665 and $636,150, respectively (rather than $271,050 and $625,500). The 2017 “ceiling” for the special exception areas of Alaska, Hawaii, Guam and the Virgin Islands is $721,050. The forward mortgage loan limits apply to loans with case numbers assigned on or after January 1, 2017.
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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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