New Jersey Amends High-Cost Home Loan Limit
December 28, 2017
The New Jersey Department of Banking and Insurance issued a bulletin amending the high-cost home loan limit under the Home Ownership Security Act of 2002
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Freddie Mac Issues Guide Bulletin 2017-27: Servicing Updates
December 28, 2017
Freddie Mac issued Guide Bulletin 2017-27 (Bulletin), setting forth servicing updates to the Single-Family Seller/Servicer Guide. In a previous Bulletin (Bulletin 2017-22), Freddie Mac announced
Freddie Mac Extends Suspension of Foreclosure Sales Involving Properties in Puerto Rico and U.S. Virgin Islands Impacted by Hurricanes Irma and Harvey
December 28, 2017
Freddie Mac issued Bulletin 2017-29 (Bulletin), extending the suspension of foreclosure sales involving properties in Puerto Rico and the U.S. Virgin Islands that were impacted
Fannie Mae Issues Servicing Guide Announcement SVC-2017-11: Servicing Guide Updates
December 28, 2017
Fannie Mae issued Servicing Guide Announcement SVC-2017-11 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae removed duplicative content from several
Fannie Mae Extends Suspension of Foreclosure Sales Involving Properties in Puerto Rico and U.S. Virgin Islands Impacted by Hurricanes Irma and Harvey
December 28, 2017
Fannie Mae issued Lender Letter LL-2017-11, extending the suspension of foreclosure sales involving properties in Puerto Rico and the U.S. Virgin Islands that were impacted
Ginnie Mae Increases Maximum Loan Amount for High Balance Loans
December 21, 2017
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
FHA Revises Policies for Properties Encumbered with Property Assessed Clean Energy (PACE) Obligations
December 21, 2017
FHA issued Mortgagee Letter 2017-18, setting forth revised policies for insuring mortgages secured by 1- to 4- family properties encumbered with Property Assessed Clean Energy
FHA Increases Home Equity Conversion Mortgage (HECM) Limits for 2018
December 21, 2017
FHA increased the home equity conversion mortgage (HECM) limits for 2018. The maximum claim amount for FHA-insured HECMs in 2018 will be $679,650 (an increase
FHA Announces Forward Mortgage Loan Limits for 2018
December 21, 2017
FHA announced the forward mortgage loan limits for 2018. The 2018 “floor” and “ceiling” loan limits for a one-unit property are increased to $294,515 and
VA Announces County Loan Limits for 2018
December 21, 2017
VA announced county loan limits for 2018. The county loan limits are posted at: www.benefits.va.gov. The county loan limits apply to loans closed on or
