RHS revised chapter 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 16: clarify the circumstanced under which a power of attorney may be utilized to close a loan; modify language with respect to the maximum hazard insurance deductible; and make technical corrections to the Loan Closing Stacking Order Checklist (Attachment 16-A). The updates went into effect July 7, 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
