VA set forth a policy guidance (Guidance) for Interest Rate Reduction Refinance Loans. Under the Guidance, lenders are required to provide the Veteran’s Statement and
FHA issued a waiver regarding early payment default review requirements for properties Impacted by Hurricanes Harvey, Irma and Maria, and California wildfires. FHA currently requires
FHA issued a waiver regarding the timeframe for completing damage inspections in certain counties affected by the California wildfires. FHA currently requires that all properties
RHS revised the area loan limits for California, Colorado, Delaware, Florida, Georgia, Hawaii, Indiana, Iowa, Maryland, Minnesota, Mississippi, Missouri, Montana, Nevada, North Carolina, North Dakota,
VA increased the maximum allowable liquidation appraisal fees for properties located in Arkansas, Louisiana, Oklahoma and Texas. These changes are reflected on the VALERI Fee
Fannie Mae updated reimbursement criteria for certain servicer expenses related to foreclosure. The updated reimbursement criteria relates to the reimbursement of foreclosure attorney fees, sale
Freddie Mac extended the effective date for the revised rental income qualification requirements announced in Single-Family Seller/Servicer Guide Bulletin 2017-12. The effective date of the
Texas amended the state constitution with respect to “home equity loans.” The constitutional amendment: lowers the 3% home equity loan fee cap to 2% (of
Oregon passed a bill enacting the Mortgage Loan Servicer Practices Act (MLSPA). Under the bill, a person may not service a residential mortgage loan in
RHS suspended the requirement to obtain an IRS Form 4506-T for all adult household members. The suspension applies to all final GUS and manually underwritten
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