Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2018 HomeReady income limits will be available on or after the weekend of June 23, 2018. At that time, the updated limits will be implemented in Desktop Underwriter and published on Fannie Mae’s website for use with manually underwritten loans.
VA
VA Creates Form 26-10291, Assumption Entitlement Acknowledgement
VA issued Circular 26-24-09 announcing the creation of Form 26-10291 (Assumption Entitlement Acknowledgement). Per the Circular, VA created Form 26-10291 to increase awareness related to