Vermont issued a memorandum announcing that the Declared Rate for 2017 will remain at 3.6%. The Declared Rate is used to determine whether a loan is considered a “high rate loan” subject to Vermont’s anti-predatory lending law.
See Department of Financial Regulation website for the full text of the Regulations
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Freddie Mac issued Bulletin 2024-C (Bulletin, announcing updated area median income (AMI) limits. For mortgages submitted to Loan Product Advisor (LPA), LPA will be updated
Virginia passed a bill amending provisions regarding foreclosed property. Under the bill, a subordinate mortgage lienholder must provide to the trustee and the borrower, at
RHS revised chapters 9, 10, and 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 9 update a
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