FHA Increases Forward Mortgage Loan Limits for 2021
FHA announced the forward mortgage loan limits for 2021. The 2021 “floor” and “ceiling” loan limits for a one-unit property are increased to $356,362 and
FHA announced the forward mortgage loan limits for 2021. The 2021 “floor” and “ceiling” loan limits for a one-unit property are increased to $356,362 and
Freddie Mac issued Bulletin 2020-45 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated requirements related to Home Possible Mortgages.
FHA issued Mortgagee Letter 2020-39 to extend the temporary endorsement process for mortgages placed in forbearance due to COVID-19. The temporary process has been extended
FHA issued Mortgagee Letter 2020-40 to extend temporary verification of self-employment, rental income and 203(k) rehabilitation escrow account provisions due to COVID-19. The temporary provisions
FHA issued Mortgagee Letter 2020-38 (Letter), announcing expanded claim submission capabilities in FHA Catalyst. Per the Letter, mortgagees may now utilize the FHA Catalyst: Claims
Fannie Mae and Freddie Mac increased the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The 2021 maximum
Texas adopted rules amending provisions with respect to home equity loans. The adopted rules: Clarify “state of emergency” for purposes of permitting a home equity
Fannie Mae amended Lender Letter LL-2020-07: COVID-19 Payment Deferral (Letter). Per the Letter, Fannie Mae eliminated the requirement to report a delinquency status code for
FHA published an update to its Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions and additional clarifications to various FHA policies
Mississippi passed a bill enacting the Revised Law on Notarial Acts. The Revised Law on Notarial Acts is modeled upon the Revised Uniform Law on
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