Ginnie Mae Increases Maximum Loan Amount for High Balance Loans
December 21, 2017
Ginnie Mae increased the maximum loan amount for high balance loans. In 2018, the maximum loan amount for a high balance loan secured by a
Ginnie Mae increased the maximum loan amount for high balance loans. In 2018, the maximum loan amount for a high balance loan secured by a
FHA issued Mortgagee Letter 2017-18, setting forth revised policies for insuring mortgages secured by 1- to 4- family properties encumbered with Property Assessed Clean Energy
FHA increased the home equity conversion mortgage (HECM) limits for 2018. The maximum claim amount for FHA-insured HECMs in 2018 will be $679,650 (an increase
FHA announced the forward mortgage loan limits for 2018. The 2018 “floor” and “ceiling” loan limits for a one-unit property are increased to $294,515 and
VA announced county loan limits for 2018. The county loan limits are posted at: www.benefits.va.gov. The county loan limits apply to loans closed on or
VA increased the maximum allowable liquidation appraisal fees for properties located in Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wisconsin. VA also updated fees
VA issued Circular 26-17-42, describing measures mortgagees may employ to provide relief to home loan borrowers affected by the California wildfires. The measures include: the
Maryland passed a bill amending the Personal Information Protection Act (PIPA). Under the bill, the definition of personal information is expanded to include passport numbers
Maryland passed a bill requiring lenders and servicers to provide a “notice of foreclosure” (Notice) to the Department of Labor, Licensing, and Regulation (Department). Under
VA issued Circular 26-17-39 (Circular), introducing a new Disaster Loan Modification option. VA introduced the Disaster Loan Modification (DLM) program in 2016, allowing servicers to
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