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.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
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.
November 14, 2024
