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 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 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
VA increased the maximum allowable liquidation appraisal fees for properties located in Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin. VA also updated fees
VA issued Circular 26-17-42, describing measures mortgagees may employ to provide relief to home loan borrowers affected by the California wildfires. The measures include: the
Maryland passed a bill amending the Personal Information Protection Act (PIPA). Under the bill, the definition of personal information is expanded to include passport numbers
Maryland passed a bill requiring lenders and servicers to provide a “notice of foreclosure” (Notice) to the Department of Labor, Licensing, and Regulation (Department). Under
VA issued Circular 26-17-39 (Circular), introducing a new Disaster Loan Modification option. VA introduced the Disaster Loan Modification (DLM) program in 2016, allowing servicers to
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018. The 2018 maximum
Freddie Mac issued Bulletin 2017-26 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). As outlined in the Bulletin, Freddie Mac revised certain requirements with
Arizona adopted a rule permitting employees (including loan originators) to work at remote locations. Under the adopted rule, a mortgage banker licensed under the Mortgage
FHA issued a temporary partial regulatory waiver waiving the recently increased base flood elevation requirement for certain newly constructed properties. On April 23, 2024 FHA
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
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