Announcements
Announcement : - FEMA Disaster Notice for Alabama
The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alabama due to Hurricane Zeta. Declaration Date: December 10, 2020 Incident Period: October 28-October 29, 2020 […]
Announcement : - VA Loan Limits for 2021
VA has announced their 2021 loan limits. For 2021 the same standards apply as outlined in VA Circular 26-19-23. The new loan limits apply to loans closing on or after […]
Announcement : - FHA Loan Limits for 2021
HUD announced the FHA loan limits for 2021 in Mortgagee Letter 2020-41. Most counties have increased, however there are 125 counties whose maximum loan limits remained the same as 2020 […]
Announcement : - Conventional Loan Limits for 2021
The Federal Housing Finance Agency (FHFA) has announced 2021 loan limits for FNMA and FHLMC agency loans. REMN limits the maximum loan amount on Freddie Mac transactions to $1,000,000 regardless […]
Announcement : - Jumbo Platinum Product
REMN Wholesale is pleased to offer our new Jumbo Platinum product. Jumbo Platinum offers superior pricing for loans that meet specific parameters. Eligibility for Jumbo Platinum REMN’s jumbo product W2 […]
Announcement : - FNMA and FHLMC Adverse Refinance Market Fee
The implementation of the new adverse market refinance fee being charged by Fannie Mae and Freddie Mac will occur on December 1, 2020. REMN Wholesale has added the 50-bps fee […]
Announcement : - New Overlays for Renovation Loan
REMN Wholesale is notifying our clients that we are implementing overlays for renovation loans. Details of our overlays: • Purchase loan only • Minimum FICO score 680 • 1-unit property […]
Announcement : - Conventional Platinum W-2 Program
REMN Wholesale is pleased to offer our new Conventional Platinum W-2 program. Conventional Platinum offers superior pricing for loans that meet specific parameters. Eligibility for Conventional Platinum W-2 Program Conventional […]
Announcement : - UPDATE – Covid-19 Employment and Income Reverification Requirement
***This communication replaces Announcement 2020:04 in its entirety*** REMN Wholesale has modified our guidance regarding employment and income continuation due to COVID-19. This applies to ALL product types (FNMA, FHLMC, […]
Announcement : - Updates to REMN’s Minimum Submission Requirements
REMN Wholesale is modifying our minimum submission requirements for both initial disclosure preparation and new underwriting submissions. These changes are effective June 8, 2020. Details are outlined below. REMN-Prepared Initial […]