FHA issued a correction to Mortgagee Letter 2016-20 regarding the 2017 nationwide forward mortgage limits. Mortgagee Letter 2016-20 referenced an incorrect limit ceiling for Alaska, Hawaii, Guam, and the Virgin Islands, which are identified as “special exception areas” due to higher construction costs in these areas. While Mortgagee Letter 2016-20 referenced an incorrect limit ceiling for special exception areas, there are no changes to the forward mortgage limits in these, or any other jurisdiction.

Rural Housing Service
RHS Revises Effective Date of Rule Amending Manufactured Housing Provisions under the Single Family Housing Guaranteed Loan Program
RHS issued a SFH Guaranteed Origination Notice (Notice) revising the effective date of a recently adopted rule amending manufactured housing provisions under the Single Family