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.
Read MoreUpdates to the Jumbo H Series is being made to align with the investor's requirements.
Read MoreVA has updated Chapter 4, Credit Underwriting and Chapter 11, Appraisal Report of the Lender's Handbook.
Read MoreUpdates 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.
Read MoreNewRez 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.
Read MoreFHA 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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