Rhode Island passed a bill making residential mortgage fraud a crime. Under the bill, a person found guilty of residential mortgage fraud is subject to up to 20 years imprisonment and/or a $100,000 fine. The bill went into effect July 7, 2017.
See State of Rhode Island General Assembly website for the full text of the Statutes
Sign up for mortgage regulatory updates compiled from Fannie Mae, Freddie Mac, FHA, VA, RHS, Individual State Compliance & more. Subscribe to the TENAlert to receive an email notification the same day new updates are posted!
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes additions, revisions, and various technical edits to Sections
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
VA revised Appendix A of, and introduced Appendix B to, the Lender’s Handbook (M26-7). Appendix A was revised to reflect Loan Guaranty Service’s transition from
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
You will also receive an email with a link to the PDF.
