Overview As a reminder, the maximum lock on VA Cash-Out 90%+ LTV loans is 30 days effective August 15th. Ginnie Mae issued All-Participants Memorandum (APM) 19-05 on August 1st which requires all Cash Out VA loans in excess of 90% LTV to be placed in Ginnie II Custom Securities vs. Ginnie II Multi Issuer Pools […]
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Announcement 19-0068: REMINDER: Reduced Maximum LTV and CLTV on FHA Cash-Out Refinances Effective September 1, 2019
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Overview As a reminder, the maximum loan-to-value (LTV) and combined loan-to-value (CLTV) percentages will be reduced from 85% to 80% for all FHA cash-out refinance mortgages with case numbers assigned on or after September 1, 2019. For borrowers seeking to combine a first and second lien, the maximum CLTV ratio for an FHA Rate and […]
Announcement 19-0067: Updated FEMA Disaster Declaration for Nebraska
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Overview Due to severe winter storms, straight-line winds, and flooding in Nebraska, FEMA has declared the following counties a disaster. The update for Dawson county is shown in bold. Incident Period: March 9, 2019 to July 14, 2019 State FEMA Disaster Declaration Counties Nebraska March 21, 2019 Antelope, Boone, Boyd, Buffalo, Burt, Butler, Cass, Colfax, Cuming, Custer, […]
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