VA Revises Topic 2 of Chapter 7 of Lender’s Handbook (M26-7)
June 17, 2024
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
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
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
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