Freddie Mac issued Bulletin 2024-09 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac added greater specificity related to the eligibility
Minnesota issued a notice (Notice) increasing the amount of the state’s homestead exemption. Per the Notice, the homestead exemption is increased to $510,000 (previously, $480,000).
The Ohio Division of Financial Institutions (Division) issued a Residential Mortgage Lending Letter (Lending Letter) allowing mortgage lenders, brokers and mortgage loan originators to act
RHS revised chapter 11 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The revisions to chapter 11: The revisions are expected to
VA issued Circular 26-24-14 announcing a temporary local variance to allow borrowers to pay for real estate broker or agent (buyer-broker) charges. Per the Circular,
VA revised topic 2 of chapter 7 of the Lender’s Handbook (M26-7). Topic 2, relating to construction/permanent loans, of chapter 7 was revised in the
Michigan passed a bill enacting the Uniform Power of Attorney Act. The Uniform Power of Attorney Act is modeled upon the Uniform Power of Attorney
VA issued Circular 26-24-13 (Circular), requiring the use of VA’s Loan Review API to submit the Uniform Loan Application Dataset (ULAD), Uniform Closing Dataset (UCD),
Fannie Mae issued Selling Guide Announcement SEL-2024-04 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to SFC 887
VA revised chapter 3 of the Lender’s Handbook (M26-7). Topics 1 through 6 of chapter 3 were revised as follows: In addition, topics 1 through
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