Announcements

2019 Announcements

Announcement 2019 : 04 - FEMA Disaster Declaration – Alaska

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alaska due to the earthquake. Declaration Date: January 31, 2019 Incident Period: November 30, 2018 The following boroughs require a re-inspection: • Anchorage, Kenai Peninsula, and Matanuska-Susitna If the subject property is located in one of the above boroughs and the […]

Announcement 2019 : 03 - REMN Wholesale Servicing Updates

DATE: January 31, 2019 REMN Wholesale is pleased to announce that we will be transitioning to a new servicing platform effective Friday, February 1, 2019. Due to this update, our mortgagee clause and payment address are changing. New Mortgagee Clause (Including Hazard, Flood, Wind, Hail, etc.) Homebridge Financial Services, Inc. D/B/A Real Estate Mortgage Network […]

Announcement 2019 : 02 - 2018 W2 and 1099 Forms

DATE: January 29, 2019 REMN Wholesale’s policy for receipt of 2018 W2/1099 forms can be found below. This guidance is applicable for all loan products that require income documentation: If the AUS findings or program requirements for manually underwritten loans require a W2 or 1099 for income qualification, REMN Wholesale requires receipt of the most […]

Announcement 2019 : 01 - Conventional AMC Update

Effective: January 16, 2019 REMN Wholesale is pleased to announce a revision to our Conventional AMC in the State of California to Golden State AMC. This change is effective immediately for any new loan submissions and existing pipeline loans in which an appraisal has not been ordered. Below is an updated AMC map for Conventional […]

2018 Announcements

Announcement 2018 : 21 - FEMA Disaster Declaration – California

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of California due to wildfires. Declaration Date: November 12, 2018 Incident Period: November 8, 2018 through November 25, 2018 The following counties require re-inspection: • Butte, Los Angeles, and Ventura If the subject property is located in one of the above counties […]

Announcement 2018 : 20 - Conventional Loan Limits for 2019

The Federal Housing Finance Agency (FHFA) has announced the 2019 loan limits for FNMA and FHLMC agency loans. Read about these updates on our site now!

Announcement 2018 : 19 - Updates to the Simple Access Program

REMN Wholesale is pleased to announce enhancements to the Simple Access program. Full product guidelines can be found on www.Remnwholesale.com Key Product Changes: • Maximum LTV/CLTV increased to 85% for 1-4-unit primary residence transactions. For transactions in which the LTV/CLTV is 80.01% to 85%: • Purchase and rate/term transactions only • Minimum 720 credit score […]

Announcement 2018 : 18 - Updates to the Expanded Plus Program

REMN Wholesale is pleased to announce updates to the Expanded Plus program. Full product guidelines can be found on www.remnwholesale.com. Key Product Changes: Qualifying Rates: • Qualify at the greater of the Start Rate or Fully Indexed Rate (i.e. Current Index + Margin) for income ratio calculations. The same rule applies to the Interest- Only […]

Announcement 2018 : 17 - Third Party Processing Fees – Updated

REMN Wholesale is pleased to announce additional enhancements and clarifications to our position on third party processing fees and the eligibility of these based on whether the broker compensation is lender paid or borrower paid. Third Party Processing Company Requirements: When a third party processing company is used, the following items are required: (1) An […]

Announcement 2018 : 16 - FEMA Disaster Declaration – Wisconsin

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Wisconsin due to severe storms, tornadoes, straight-line winds, flooding, and landslides. Declaration Date: October 18, 2018 Incident Period: August 17, 2018 through September 14, 2018 The following counties require re-inspection: • Crawford, Dane, Juneau, La Crosse, Marquette, Monroe, Richland, Sauk and […]

Announcement 2018 : 15 - FEMA Disaster Declaration – Georgia

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Georgia due to Hurricane Michael. Declaration Date: October 14, 2018 Incident Period: October 9, 2018, through October 23, 2018. The following counties require re-inspection: • Baker, Calhoun, Clay, Crisp, Decatur, Dougherty, Early, Grady, Laurens, Lee, Miller, Mitchell, Randolph, Seminole, Sumter, Terrell, Thomas, […]

Announcement 2018 : 14 - FEMA Disaster Declaration – Florida

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Florida due to Hurricane Michael. Declaration Date: October 11, 2018 Incident Period: October 7, 2018 through October 19, 2018 The following counties require re-inspection: • Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Leon, Liberty, Taylor, Wakulla, Washington If the subject property is […]

Announcement 2018 : 13 - New Product – Simple Access

DATE: October 1, 2018 REMN Wholesale is pleased to announce the Simple Access program is now available to our clients. Full product guidelines can be found on www.remnwholesale.com and the REMN rate sheet reflects the pricing for Simple Access. Simple Access loans will require a manual lock. Brokers must complete the REMN Manual Lock Request […]

Announcement 2018 : 12 - FEMA Disaster Declaration – South Carolina

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of South Carolina due to Hurricane Florence. Declaration Date: September 16, 2018 Incident Period: September 8, 2018 through October 8, 2018 The following counties require re-inspection: • Chesterfield, Darlington, Dillon, Florence, Georgetown, Horry, Marion, Marlboro If the subject property is located in […]

Announcement 2018 : 11 - FEMA Disaster Declaration – North Carolina

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of North Carolina due to Hurricane Florence. Declaration Date: September 14, 2018 Incident Period: September 7, 2018, through September 29, 2018 The following counties require re-inspection: • Anson, Beaufort, Bladen, Brunswick, Carteret, Chatham, Columbus, Craven, Cumberland, Duplin, Durham, Greene, Guilford, Harnett, Hoke, […]

Announcement 2018 : 10 - Announcing the Freddie Mac HomeOne Program

To expand access to mortgage credit, Freddie Mac has introduced the HomeOne Mortgage available to REMN Wholesale as of Monday 8/20/18. HomeOne offers: Low down payment options with no specific income or geographic restrictions unlike those needed for HomePossible products. Highlights of HomeOne include: 1-unit Primary Residences Only Includes Condos and PUDS (Manufactured Homes NOT […]

Announcement 2018 : 09 - FEMA Disaster Declaration – Hawaii

6.19.18 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Hawaii due to volcanic eruption and earthquakes. Declaration Date: May 11th, 2018 Incident Period: May 3, 2018 and ongoing The following counties require re-inspection: •Hawaii county If the subject property is located in the above county and the appraisal was […]

Announcement 2018 : 08 - FEMA Disaster Declaration – North Carolina

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of North Carolina due to severe storms and tornadoes. Declaration Date: May 8th, 2018 Incident Period: April 15, 2018 The following counties require re-inspection: Guilford and Rockingham counties If the subject property is located in one of the above counties and the […]

Announcement 2018 : 07 - FEMA Disaster Declaration – Indiana

Rev. 6.19.18 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Indiana due to severe storms and tornadoes. Declaration Date: May 5th, 2018 Incident Period: February 14, 2018 – March 4, 2018 The following counties require re-inspection: •Carroll, Clark, Dearborn, Elkhart, Floyd, Fulton, Harrison, Jasper, Jefferson, Kosciusko,LaPorte, Lake, Marshall, Ohio, […]

Announcement 2018 : 06 - FEMA Disaster Declaration – Alabama

FEMA Disaster Declaration – Alabama The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alabama due to severe storms and tornadoes. Declaration Date: April 27, 2018 Incident Period: March 19, 2018 – March 20, 2018 The following counties require re-inspection: • Calhoun, Cullman, and Etowah counties If the subject property […]

Announcement 2018 : 05 - IRS Form 4506T

The IRS has released a new Form 4506T with a revision date of July 2017. Please begin using this new form immediately. Effective March 1, 2018, any requests received on the older version will be rejected by the IRS. As a reminder, electronic signatures cannot cover any portion of the Attestation Statement area or will […]

Announcement 2018 : 04 - FNMA Guideline Updates

FNMA updated their guidelines in Fannie Mae Announcement 2018-01, issued January 30, 2018. Highlights Include: Federal Tax Installment Plans Borrowers with IRS Tax Installment Plans are now eligible for financing with FNMA subject to the following requirements: No federal tax lien has been filed in the County where the subject property is located; Documentation of […]

Announcement 2018 : 03 - Government Loan FICO Enhancements

REMN Wholesale is pleased to announce enhancements to FHA, VA and USDA program overlays as detailed below. Credit Qualifying Loans with a FICO score of 600 or greater * ALL restrictions with a 600 or greater FICO score have been removed; standard REMN guidelines apply – The previous requirement of borrower’s own funds and two […]

Announcement 2018 : 02 - FEMA Disaster Declaration – California

  FEMA Disaster Declaration – California The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state California of due to wildfires, flooding, mudflows, and debris flows. Declaration Date:  January 2, 2018 Incident Period:  December 4, 2017 – ongoing The following counties were identified by FEMA: Los Angeles, San Diego, Santa Barbara, Ventura […]

Announcement 2018 : 01 - FEMA Disaster Declarations – California

  FEMA Disaster Declarations – California The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of California due to wildfires. Declaration Date: January 16, 2018 Incident Period: December 4th, 2017 (on-going) The following counties require re-inspection: Los Angeles, San Diego, Santa Barbara, and Ventura counties. If the subject property is located […]

View Archived Announcements