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12/13/2019 Borrowers gained nearly $457 billion in home equity in the last year
Housingwire.com by Alcynna Lloyd - According to the Q3 2019 home equity analysis from CoreLogic, homeowners with a mortgage – about 64% of all homeowners – saw their equity increase by 5.1%, a total of nearly $457 billion, since the third quarter of last year.
12/13/2019 ADFINET UPDATES

Click link above for more of the latest updates to Adfinet.

FREDDIE MAC HAS RELEASED:

Industry Letter, regarding Updated Requirements Related to Single Security Initiative

Freddie Mac Update-11/26/19, entitled Loan Limits for 2020 Are Increasing

Bulletin 2019-24, regarding Mortgage Insurance Master Policy Updates

FANNIE MAE HAS RELEASED:

Lender Letter LL-2019-09 , regarding Confirmation of Conventional Loan Limits for 2020

Servicing Guide Announcement SVC-2019-07, regarding Servicing Guide Updates

Selling Guide Announcement SEL-2019-08, regarding Selling Guide Updates

Fannie Mae DO Release Notes for Government Loans , Release Date of August 20, 2019

Fannie Mae DU Release Notes for Lenders , Release Date of October 9, 2019

FHA HAS RELEASED:

Housing Notice HN 2019-10 , entitled Incentives for FHA Mortgage Insurance for Properties Located in Opportunity Zones

Mortgagee Letter 2019-18 , entitled Maximum Rehabilitation Costs in Qualified Opportunity Zones (QOZs) for Limited 203(k) Mortgages

GINNIE MAE HAS RELEASED:

APM 19-06, entitled Counterparty Risk Management Policy Series – Volume 3: New Rating Requirements, New Risk Factors, Revised Financial Requirements, and Other Revised Participation Requirements

VA HAS RELEASED:

Circular 26-19-31, entitled Assisted Appraisal Processing Program (AAPP)

12/12/2019 VA loans are becoming more popular, driving an increase in Ginnie Mae’s support of housing market
Housingwire.com by Ben Lane - Ginnie Mae, the government agency that issues mortgage bonds backed by Federal Housing Administration and Department of Veterans Affairs loans, now insures more than $2.1 trillion in mortgages.
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