Posts by admin
FHA Suspends Reduction in Annual MIP
The Federal Housing Administration (FHA) has announced that it is suspending its previously announced reduction in its annual Mortgage ...
FHA Reduces Annual MIP
The Federal Housing Administration (FHA) has announced that it is reducing its annual Mortgage Insurance Premium (annual MIP) rates fo...
VA Loan Limit Update
The VA has updated their loan limits effective for loans closed on or after January 1, 2017. VA Circular 26-16-36 explains the changes ...
FHA Loan Limit Update
The FHA has updated their loan limits effective for case numbers assigned on or after January 1, 2017. Mortgagee Letter 2016-20 explain...
Fannie Mae and Freddie Mac Loan Limit Update
The Federal Housing Finance Agency (FHFA) has established the 2017 maximum loan limits that will apply to conventional loans to be acqu...
CFPB Delays Implementation of TILA-RESPA Integrated Disclosure Rule until October 1st
The Bureau of Consumer Financial Protection (CFPB) announced that they will issue a proposed amendment to delay the implementation of...
FNMA Eliminates Continuity of Obligation Rule
FNMA Eliminates Continuity of Obligation Rule
Effective Date
This policy change is effective immediately.
The continuity of ob...
Property Taxes in Unlimited Tolerance Category per CFPB not subject to cure
On February 10, 2016, the Consumer Financial Protection Bureau (CFPB) published a correction in the Federal Register which clarifies Pr...
Changes After the Closing Disclosure Is Issued
Sometimes loan terms or fees change before closing, but after the lender has provided the Closing Disclosure (CD) to the borrower. Lend...
Flood Insurance Escrow Required January 1
Earlier this year the federal financial regulatory agencies issued a revised flood insurance rule. According to the revised rule, if fl...
