FHA issued Mortgagee Letter 2016-22 extending the implementation date of Mortgagee Letter 2016-14 (regarding updates to FHA’s loss mitigation retention options and other miscellaneous mortgage servicing policies). Mortgagee Letter 2016-14 set forth an implementation date of December 1, 2016. This Mortgagee Letter extends the implementation date to March 1, 2017.
Freddie Mac
Freddie Mac Updates Area Median Income Limits
Freddie Mac issued Bulletin 2024-C (Bulletin, announcing updated area median income (AMI) limits. For mortgages submitted to Loan Product Advisor (LPA), LPA will be updated