FHA issued Mortgagee Letter 2019-11, reducing the maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages for cash-out refinance mortgages. Per the Mortgagee Letter, the maximum LTV and CLTV percentages for a cash-out refinance is now 80% (rather than 85%) of the “adjusted value”. The reduced percentages apply to case numbers assigned to FHA on or after September 1, 2019.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2025-01
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
February 17, 2025
