Hawaii passed a bill repealing mortgage loan recovery fund fees paid by mortgage loan originator companies under the Secure and Fair Enforcement for Mortgage Licensing
FHA issued a waiver regarding the timeframe for completing damage inspections in presidentially-declared disaster areas in Hawaii. FHA currently requires that all properties with pending
Hawaii passed a bill amending the Secure and Fair Enforcement for Mortgage Licensing Act. Under the bill, an exempt sponsoring mortgage loan originator company must
Hawaii passed a bill requiring the release of a security instrument evidencing the assignment of the borrower’s interest in leases and rents upon full satisfaction
Hawaii passed a bill enacting change of control requirements under the Mortgage Servicers Act (MSA). Under the bill, a mortgage servicer licensed under the MSA
Ginnie Mae revised the definition of a “high balance loan” in accordance with the increased 2017 conforming loan limits announced by the Federal Housing Finance
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,
FHA announced the forward mortgage loan limits for 2017. The 2017 “floor” and “ceiling” loan limits for a one-unit property are increased to $275,665 and
FHA increased the home equity conversion mortgage (HECM) limits for 2017. The maximum claim amount for FHA-insured HECMs in 2017 will be $636,150 (an increase
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017. The 2017 maximum
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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