This topic consolidates all announcements, newsletters, bulletins, handbook/guide updates, and general news coming from FHFA, Fannie Mae, FHA, Freddie Mac, GNMA, RHS, and VA.
In this bulletin, Freddie Mac has announced several Selling updates, which include new conforming loan limit values for 2024, employed income documentation and verification requirements, cash-out refinance mortgage requirements, and much more.
The Uniform Property Dataset (UPD) was implemented and is now available for lenders to use but will be required to use as of April 1, 2024.
Search our Compliance Calendar for current regulatory changes & updates.
The purpose of this Circular is to announce a foreclosure moratorium and update servicers on how to assist borrowers.
In this APM, Ginnie Mae has announced the high balance loan amount for pools and loan packages submitted on or after January 1, 2024.
In this mortgage letter, FHA announced updates and streamlined policies for the HECM program to improve the long-term performance of the program.
This Bulletin announces changes to the single-family ARMs Refinitiv public replacement index names.
"We are already ahead of the game and without having to add additional FTEs."
- Julie Baril, QC Manager at Norcom Mortgage
The Federal Housing Administration (FHA) posted a draft borrower disclosure corresponding to its draft Mortgagee Letter Payment Supplement on the Single-Family Housing Drafting Table (Drafting Table) for public feedback on November 16, 2023.
The Federal Housing Administration (FHA) posted a draft Mortgagee Letter seeking feedback on proposed updates to its 203(k) Rehabilitation Mortgage Insurance Program.
In this lender letter, Fannie Mae announces updates to the Loan Modification Agreement (Form 371), originally published on October 11, 2023.
In this lender letter, Fannie Mae announces the loan limits for 2024.
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The Federal Housing Administration (FHA) announced that the maximum claim amount for a Home Equity Conversion Mortgage (HECM) in 2024 will increase from $1,089,300 in calendar year 2023 to $1,149,825 effective for FHA case numbers assigned on or after January 1, 2024.
The Federal Housing Administration (FHA) has announced the 2024 forward mortgage loan limits.
The Federal Housing Finance Agency (FHFA) announced the 2024 conforming loan limits increased by $40,350 to $766,550.
MBA NewsLink - Bill Killmer
Last week's advocacy efforts included the FHFA issues Final Rule Amending Enterprise Regulatory Capital Framework, VA asking servicers to pause foreclosures through May 2024, FHA updating new Loss Mitigation proposal, and more.
