VA issued Circular 26-24-14, Change 1, amending how veteran-paid buyer-broker charges are to be recorded on the Closing Disclosure. Per the original Circular, VA authorized
Minnesota passed a bill amending the Minnesota Residential Mortgage Originator and Servicer Licensing Act (MRMOSLA). Under the bill, the MRMOSLA was amended to: The bill
Fannie Mae revised the Connecticut Security Instrument (Form 3007), the Kentucky Security Instrument (Form 3018), and the Kentucky Short-Form Mortgage (Form 3018-SF). The revision to
RHS amended the income limits under the Single Family Housing Guaranteed Loan Program. Appendix 5 of the Single Family Housing Guaranteed Loan Program Technical Handbook
FHA issued Mortgagee Letter 2024-03, updating Section 203(k) Rehabilitation Mortgage Program. Per the Mortgagee Letter (ML), FHA: The provisions of this ML are effective for
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,
Sign up below to receive regulatory updates from Fannie Mae, Freddie Mac, FHA, individual state compliance and more, delivered right to your inbox.
Sign up below to receive regulatory updates from all around the mortgage industry, delivered right to your inbox.
You will also receive an email with a link to the PDF.
