Ginnie Mae increased the maximum loan amount for high balance loans. In 2018, the maximum loan amount for a high balance loan secured by a one-unit property will be $453,100 for most of the country and $679,650 in Alaska, Hawaii, Guam and the U.S. Virgin Islands. The revised maximum loan amount applies to mortgage backed securities with an issuance date on or after January 1, 2018.
Rural Housing Service
RHS Updates Monthly Electronic Status Reporting Codes
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
September 23, 2024
