What is happening today in mortgage lending:
Freddie Mac Issues Bulletin 80-06
Both selling and Servicing requirements are amended in this Single-Family Seller/Servicer Guide (Guide) Bulletin.
With this Bulletin, we are making the following changes to our selling requirements:
■ Updating the Guide to reflect the 2009 maximum original loan amounts for Mortgages eligible for sale to Freddie Mac:
Maintaining base conforming loan limits for 2009 at the current levels
Increasing conforming loan limits for Mortgages secured by properties in certain high-cost areas (super conforming Mortgages) and revising loan-to-value (LTV)/total LTV (TLTV)/Home Equity Line of Credit TLTV (HTLTV) ratio requirements for super conforming Mortgages secured by 1-unit properties located in designated high-cost areas where the maximum loan limit exceeds $625,500
■ Making changes regarding the Uniform Instruments, including updating revision dates for the Arizona Deed of Trust and the District of Columbia Deed of Trust, and updating authorized changes for the Maine Note
■ Making minor changes to our State anti-predatory lending requirements
Shirley Nault has been a mortgage professional for over 20 years. Visit her other mortgage web sites go to: www.naultfhatips.blogspot.com or www.dutips.blogspot.com
1 comment:
This was awesome real estate blog. THNX.
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