FHA Increases Forward Mortgage Loan Limits for 2022
December 2, 2021
FHA issued Mortgagee Letter 2021-28 to announce the forward mortgage loan limits for 2022. The 2022 “floor” and “ceiling” loan limits for a one-unit property
FHA Increases Home Equity Conversion Mortgage (HECM) Limits for 2022
December 2, 2021
FHA issued Mortgagee Letter 2021-29 to announce the home equity conversion mortgage (HECM) limits for 2022. The maximum claim amount for FHA-insured HECMs in 2022
Fannie Mae and Freddie Mac Increase Maximum Conforming Loan Limits for 2022
December 2, 2021
Fannie Mae issued Lender Letter LL-2021-16 and Freddie Mac issued Bulletin 2021-36 (Bulletin) increasing the maximum conforming loan limits for mortgages acquired by Fannie Mae
FHA Updates and Clarifies Appraisal Requirements Regarding Compliance with Fair Housing Laws
November 18, 2021
FHA issued Mortgagee Letter 2021-27, updating and clarifying appraisal requirements regarding compliance with Fair Housing laws. Per the Mortgagee Letter FHA: updated Section I.B.1.d.i (Appraisers
Fannie Mae Revises Instructions to MERS Rider and to Montana, Oregon, and Washington Security Instruments
November 17, 2021
Fannie Mae revised instructions to the MERS Rider (Form 3158) and to the Montana, Oregon, and Washington Security Instruments (Form 3027, Form 3038, and Form
FHA Publishes New Title I Sections of Single Family Housing Policy Handbook 4000.1
November 10, 2021
FHA issued FHA Info #21-97, announcing the publication of the new Title I Property Improvement, and Manufactured Home Loan Programs sections of the Single Family
RHS Temporarily Modifies Calculation of Non-Fixed Student Loan Payments for DTI Purposes
September 26, 2019
RHS temporarily modified the calculation of non-fixed student loan payments for purposes of determining debt-to-income ratios. Per the modified requirements, lenders must now use the
FHA Updates Home Equity Conversion Mortgage Requirements with respect to Mortgagee Optional Election Assignments
September 26, 2019
FHA issued Mortgagee Letter 2019-15, updating Home Equity Conversion Mortgage (HECM) requirements with respect to Mortgagee Optional Election (MOE) assignments. A MOE assignment allows a
Ohio Authorizes Online Notarizations
September 12, 2019
Ohio passed a bill authorizing the online notarization of documents. Under the bill, an online notarization is defined as a notarial act performed by means
RHS Permanently Adopts Single-Close Construction Pilot Program on Nationwide Basis
September 6, 2019
RHS permanently adopted the Single-Close Construction Pilot Program (previously in effect in 27 states) on a nationwide basis, with modifications. The Single-Close Construction Program (Program)
