VA extended the foreclosure moratorium for loans affected by Hurricanes Harvey, Irma and Maria. The foreclosure moratorium has been extended to 270-days (from the date the disaster occurred). The foreclosure moratorium was previously 180-days (from the date the disaster occurred).
Click here to view the VA Circular 26-17-23, Change 2
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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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