Vermont issued a memorandum announcing that the Declared Rate for 2017 will remain at 3.6%. The Declared Rate is used to determine whether a loan is considered a “high rate loan” subject to Vermont’s anti-predatory lending law.
See Department of Financial Regulation website for the full text of the Regulations
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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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