FHA issued Mortgagee Letter 2017-13, announcing an extension of the temporary condominium project approval policy requirements issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27, and modified in Mortgagee Letter 2016-15. Pursuant to the Mortgagee Letter, the temporary approval requirements initially issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27 are extended until HUD publishes the final Condominium Project Approval rule in HUD Handbook 4000.1. The Mortgagee Letter went into effect August 30, 2017.
Fannie Mae
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady, RefiNow and Duty to Serve Loans
Fannie Mae updated the area median incomes (AMIs) used to determine a borrower’s eligibility for HomeReady, RefiNow, and Duty to Serve loans. The 2024 AMIs
May 13, 2024
