VA issued Circular 26-23-06 (Circular), reducing the funding fee for purchase or construction loans, and cash-out refinance transactions. Per the Circular, VA generally reduced the
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
VA issued Circular 26-19-05, clarifying VA’s new policies regarding cash-out refinancing loans. In December of 2018, VA adopted rules amending requirements with respect to all
VA adopted rules amending requirements with respect to “cash-out” refinance loans. The adopted rules implement section 309 of the Economic Growth, Regulatory Relief and Consumer
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
Freddie Mac issued Bulletin 2025-2 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to the portfolio reconciliation requirement
New York passed a bill amending recently enacted flood insurance requirements and restrictions for mortgage lenders and servicers. In December, 2024, New York passed a
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