Georgia Amends Power of Attorney Act
May 31, 2018
Georgia passed a bill amending the Power of Attorney Act (PAA). Under the bill, persons who witness or who acknowledge (e.g., notary publics) the execution
Freddie Mac Issues Bulletin 2018-8: Selling Updates
May 31, 2018
Freddie Mac issued Bulletin 2018-8 (Bulletin), announcing revisions to the Single-Family Seller/Servicer Guide (Guide). Per the Bulletin, Freddie Mac: updated Enhanced Relief Refinance Mortgage requirements
VA Amends Requirements for Processing Site Condominiums in Michigan
May 31, 2018
VA amended requirements for processing site condominiums in Michigan. A site condominium is defined as a single family totally detached dwelling (no shared garages or
VA Amends Interest Rate Reduction Refinance Loan (IRRRL) Requirements in Light of Economic Growth, Regulatory Relief and Consumer Protection Act of 2018
May 31, 2018
VA issued Circular 26-18-13 (Circular), setting forth amended Interest Rate Reduction Refinance Loan (IRRRL) requirements in light of the recently passed Economic Growth, Regulatory Relief
VA Increases Maximum Allowable Liquidation Appraisal Fees for Properties Located in Oregon
May 31, 2018
VA increased the maximum allowable liquidation appraisal fees for properties located in Oregon. These changes are reflected on the VALERI Fee Cost Schedule. The increased
Fannie Mae Updates High Loan-to-Value Refinance Option
May 31, 2018
Fannie Mae issued Lender Letter LL-2018-02, providing updates and additional details regarding the upcoming High Loan-to-Value Refinance option (available later this year). Fannie Mae introduced
Fannie Mae Updates Area Median Incomes used to Determine Borrower Eligibility for HomeReady Mortgage Loans
May 31, 2018
Fannie Mae updated the area median incomes used to determine a borrower’s eligibility for HomeReady mortgage loans. The 2018 HomeReady income limits will be available
RHS Amends Chapter 3 of SFH Guaranteed Loan Program Technical Handbook (HB-1-3555)
May 31, 2018
RHS amended chapter 3 of the SFH Guaranteed Loan Program Technical Handbook (HB-1-3555). Pursuant to the amendments, RHS added language to specify that lender re-certification
RHS Revises Form RD 3555-21 “Request for Single Family Housing Loan Guarantee”
May 31, 2018
RHS revised Form RD 3555-21 “Request for Single Family Housing Loan Guarantee” (Form). Effective November 1, 2018, all loan packages must include the revised Form
Tennessee Authorizes Online Notarizations
May 18, 2018
Tennessee passed a bill authorizing online notarization of documents and establishing procedures for the performance of online notarizations. An online notarization is a notarial act
