Nevada passed a bill increasing the amount of the state’s homestead exemption. Under the bill, the homestead exemption was increased to $605,000 (rather than $550,000). The bill becomes effective October 1, 2019.
See Nevada Legislature website for the full text of the Statutes:https://www.leg.state.nv.us/Session/80th2019/Bills/AB/AB481_EN.pdf
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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.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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