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Announcement 2019-036: Oklahoma Severe Storms, Straight-line Winds, Tornadoes, And Flooding (DR-4438)

On June 1, 2019, FEMA announced a Major Disaster Declaration pertaining to the recent severe storms and flooding in Oklahoma, with an Incident Period of May 7 and ongoing.

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Announcement 2019-035: Jumbo Series H Updates

Updates to the Jumbo H Series is being made to align with the investor's requirements.

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VA Handbook Updates

VA has updated Chapter 4, Credit Underwriting and Chapter 11, Appraisal Report of the Lender's Handbook.

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Announcement 2019-029 Conventional, Home Possible and HomeReady Updates

Updates are being made to allow the use of short-term rental income through Airbnb on DU scored conventional refinances, along with Freddie Mac and Fannie Mae updates.

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Announcement 2019-027: Down Payment Assistance - FHA Loans

NewRez published Announcement 2019-026 on April 19, 2019, which temporarily suspended the origination and purchase of new FHA loans that include any down payment assistance from state or local government programs.

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Announcement 2019-026: Down Payment Assistance Suspensions - FHA Loans

FHA published FHA ML 2019-06 on April 18, 2019, which clarifies documentation requirements for governmental entities providing down payment assistance to FHA borrowers in order to satisfy a portion or all the borrower’s Minimum Required Investment (MRI).

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