VA increased the maximum allowable liquidation appraisal fee in 17 states. The appraisal fees increased for the following states: Arizona; California; Connecticut; Delaware; Indiana; Maine; Massachusetts; Michigan; Nevada; New Hampshire; New Jersey; New Mexico; New York; Ohio; Pennsylvania; Rhode Island; and Vermont. These changes are reflected on the VALERI Fee Cost Schedule. The increased fees went into effect December 1, 2016.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2024-06
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.