VA set forth a policy guidance (Guidance) for Interest Rate Reduction Refinance Loans. Under the Guidance, lenders are required to provide the Veteran’s Statement and
Ginnie Mae issued All Participant Memorandum APM 17-06 (APM), announcing revised seasoning requirements for refinance loans. Per the APM, the first payment due date of
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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