VA issued Circular 26-23-10, Change 1, providing additional information regarding fees that may be charged to and paid by a person assuming a VA-guaranteed loan
VA issued Circular 26-24-05 authorizing in advance, as a local variance, an Assumption Locality Variance charge (Variance). Per the Circular, a lender may charge an
Fannie Mae issued Selling Guide Announcement SEL-2024-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to property insurance
Freddie Mac issued Bulletin 2024-01 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to trust income requirements are
South Dakota passed a bill increasing the amount consumers may be charged for dishonored checks. Consumers may now be charged up to $60 for a
RHS revised chapters 4, 11, and 18 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Specifically, RHS revised paragraphs 4.6, 4.9, 4.10,
Fannie Mae issued Selling Guide Announcement SEL-2023-11 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to restricted stock
Freddie Mac issued Bulletin 2023-24 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Home Possible or HomeOne mortgage; Revisions related
VA revised Chapter 7, (Topic 7) of the Lender’s Handbook (M26-7). VA made the following changes: The revisions went into effect July 27, 2023. Click
VA revised chapter 4 of the Lender’s Handbook (M26-7). Chapter 4 (Topic 7) was revised to clarify that: The revisions are effective for all loan
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