Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2018 HomeReady income limits will be available on or after the weekend of June 23, 2018. At that time, the updated limits will be implemented in Desktop Underwriter and published on Fannie Mae’s website for use with manually underwritten loans.

FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early