VA Revises Chapter 5 of Lender’s Handbook (M26-7)
May 22, 2024
VA revised chapter 5 of the Lender’s Handbook (M26-7). Topics 1 through 4 of chapter 5 were updated as follows: Topics 1 through 4 were
VA revised chapter 5 of the Lender’s Handbook (M26-7). Topics 1 through 4 of chapter 5 were updated as follows: Topics 1 through 4 were
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
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
RHS revised chapters 9, 10, and 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 9 update a
Nebraska passed a bill amending the Residential Mortgage Licensing Act (RMLA). Under the bill, a lender and broker licensed under the RMLA must provide notice
Freddie Mac issued Bulletin 2024-06 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to ROV are effective August
Fannie Mae issued Selling Guide Announcement SEL-2024-03 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to ROV policies
FHA issued Mortgagee Letter 2024-07, updating FHA’s reconsideration of value policy (ROV). Per the Mortgagee Letter (ML), FHA: The provisions of this ML are effective
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