Announcements

2018 Announcements

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

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alabama 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, Elkhart, Floyd, Harrison, Jefferson, Lake, Marshall, and St. Joseph counties. If the subject […]

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 […]

2017 Announcements

Announcement 2017 : 23 - Texas Section 50(a)(6) Transactions Updates

The Texas Legislature recently amended the requirements of Texas Section 50(a)(6) that are effective with transactions closed on and after January 1, 2018. The changes include: The permissible fees limitation was lowered from 3% to 2% More fees are excluded from the fee calculation Agricultural properties are now eligible (previously ineligible) New and updated disclosures […]

Announcement 2017 : 24 - HMDA – New Demographic Information Addendum

The new HMDA data requirements under Dodd-Frank will be mandatory for loan applications taken on or after January 1, 2018. The expanded demographic information collected and reported by lenders and individual brokers will be available to the public on the Consumer Financial Protection Bureau’s (CFPB) website. The new Demographic Information Addendum provides expanded fields to […]

Announcement 2017 : 20 - 2018 Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) has announced an increase to the maximum loan limits for 2018 for both conforming and high balance/super conforming loan amounts. The loan limits apply to both Fannie Mae and Freddie Mac transactions. *REMN limits the maximum loan amount on Freddie Mac transactions to $1,000,000 regardless of the number of […]

Announcement 2017 : 22 - 2018 VA Loan Limits

The Department of Veterans Affairs (VA) has announced the 2018 loan limits in VA Circular 26-17-41 issued December 12, 2017. The new loan limits are effective for VA loans funding on and after January 2, 2018. VA loan limits for 2018 will match conventional loan limits as set by the Federal Housing Finance Agency (FHFA) […]

Announcement 2017 : 21 - 2018 FHA Loan Limits

The Department of Housing and Urban Development (HUD) has announced the 2018 loan limits in HUD Mortgagee Letter 2017-16, issued December 7, 2017. The FHA loan limit for the low-cost area “floor” and the high-cost area “ceiling” have increased. Any area where the loan limit exceeds the “floor” is a high cost area. The new loan […]

Announcement 2017 : 19 - FEMA Disaster Declaration – California

October 17, 2017   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of California due to wildfires. Declaration Date: October 10, 2017 Incident Period: October 8, 2017 The following counties require re-inspection: Butte, Lake, Mendocino, Napa, Nevada, Orange, Sonoma, and Yuba counties If the subject property is located in one […]

Announcement 2017 : 17 - FHA 203(h) Loans for Disaster

October 2, 2017 REMN Wholesale is pleased to offer FHA 203(h) Mortgage Insurance for Disaster Victims. The 203(h) loan is a specialty mortgage designed for people replacing homes that were destroyed in presidentially designated disaster areas.  Disaster victims can secure FHA financing to purchase a rebuild or purchase a new home elsewhere.  FHA makes the […]

Announcement 2017 : 18 - Introducing TCF 2nd Lien HELOC

October 3, 2017 REMN Wholesale is pleased to offer a Home Equity Line of Credit (HELOC) second lien available through TCF Bank.  TCF HELOCs are originated and fund in TCF Banks name.  They are eligible for Broker originations when using REMN Wholesale’s first mortgage loans. Highlights include: One loan application for first mortgage to be […]

Announcement 2017 : 17 - FHA 203(h) Loans for Disaster

September 27, 2017 REMN Wholesale is pleased to offer FHA 203(h) Mortgage Insurance for Disaster Victims. The 203(h) loan is a specialty mortgage designed for people replacing homes that were destroyed in presidentially designated disaster areas.  Disaster victims can secure FHA financing to purchase a rebuild or purchase a new home elsewhere.  FHA makes the […]

Announcement 2017 : 16 - FEMA Disaster Declaration – Georgia

Sep. 18, 2017; rev. Sep. 20, 2017; rev. Sep. 29, 2017; rev. Oct. 3, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Georgia due to Hurricane Irma. Declaration Date: September 15, 2017 Incident Period: September 7, 2017 The following counties require re-inspection: Camden, Charlton, Chatham, Coffee, Glynn, Liberty […]

Announcement 2017 : 15 - FEMA Disaster Declaration – Florida

September 12, 2017; rev. September 26, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Florida due to Hurricane Irma. Declaration Date: September 10, 2017 Incident Period: September 4, 2017 The following counties require re-inspection: Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, […]

Announcement 2017 : 14 - FEMA Disaster Declaration – Texas

September 5, 2017; rev. September 8, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Texas due to Hurricane Harvey. Declaration Date: August 25, 2017 Incident Period: August 23, 2017 The following counties were identified by FEMA: Aransas, Austin, Bastrop, Bee, Brazoria, Calhoun, Chambers, Colorado, DeWitt, Fayette, Fort Bend, […]

Announcement 2017 : 13 - FEMA Disaster Declaration – West Virginia

August 21, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of West Virginia due to severe storms, flooding, landslides, and mudslides. Declaration Date: August 18, 2017 Incident Period: July 28, 2017 to July 29, 2017 The following counties were identified by FEMA: Harrison County, Marion County, Marshall County, and […]

Announcement 2017 : 12 - FEMA Disaster Declaration – Michigan

August 3, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Michigan due to Severe Storms and Flooding. Declaration Date: August 2, 2017 Incident Period: June 22, 2017 to June 27, 2017 The following counties were identified by FEMA: Bay County, Gladwin County, Isabella County, and Midland County If […]

Announcement 2017 : 11 - FEMA Disaster Declaration – Arkansas

June 16, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Arkansas due to Severe Storms, Tornadoes, Straight-line Winds, and Flooding. Declaration Date: June 15, 2017 Incident Period: April 26, 2017 to May 19, 2017 The following counties were identified by FEMA: Benton County, Boone County, Carroll County, Clay […]

Announcement 2017 : 10 - INTRODUCING FREDDIE MAC’S HOME POSSIBLE PROGRAMS

REMN Wholesale is pleased to announce that effective Monday, June 12, 2017 we will be offering Freddie Mac’s Home Possible and Home Possible Advantage programs. Home Possible/Home Possible Advantage are affordable lending programs designed for first-time homebuyers, move-up borrowers, retirees, very low and low-to-moderate income borrowers and borrowers in underserved areas. Income Requirements Property is […]

Announcement 2017 : 09 - FEMA Disaster Declaration – Missouri

June 5, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Missouri due to Severe Storms, Tornadoes, Straight-line Winds, and Flooding. Declaration Date: June 2, 2017 Incident Period: April 28, 2017 to May 11, 2017 The following counties were identified by FEMA: Bollinger County, Butler County, Carter County, Douglas […]

Announcement 2017 : 08 - BlitzDocs Workflow Enhancements

May 8, 2017 REMN Wholesale is pleased to announce enhancements to BlitzDocs which provide additional email notifications for corresponding actions throughout the loan process. Loan Setup Once the Loan Set-Up Department is in receipt of the following items, the Broker will be notified that the loan is Sent for LE Review: FNM 3.2 file uploaded […]

Announcement 2017 : 07 - Electronic Disclosure Enhancements

April 17, 2017 This Announcement replaces all previous Announcements on this topic. REMN Wholesale is pleased to announce enhancements to electronic delivery of lender disclosures as described below. Effective with new loans submitted on and after April 17, 2017, REMN Wholesale will send electronic disclosures to all borrowers with an email address via Encompass by […]

Announcement 2017 : 06 - Manufactured Home Property Eligibility

February 21, 2017 REMN Wholesale is pleased to announce that effective February 13, 2017 we will be offering Manufactured Homes to our eligible properties. The Manufactured Home guidelines will be eligible for FNMA, FHLMC and FHA programs at this time. Manufactured Home lending allows REMN Wholesale to expand on the product line for homes that […]

Announcement 2017 : 05 - FEMA Disaster Declaration – Louisiana

February 13, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Louisiana due to Severe Storms, Tornadoes, and Straight-line Winds. Declaration Date: February 11, 2017 Incident Period: February 7, 2017 The following parishes were identified by FEMA: Livingston Parish and Orleans Parish. If the subject property is located in […]

Announcement 2017 : 04 - FHA, USDA, and VA Program Enhancements

February 9, 2017 REMN Wholesale is pleased to announce guideline enhancements to our government loan programs (FHA, USDA, and VA) as outlined below.  These enhancements are effective immediately and may be applied to new submissions and loans currently in the pipeline. FHA, USDA, and VA Borrowers with a qualifying credit score of 620-639: Requirement for […]

Announcement 2017 : 03 - FEMA Disaster Declaration – Mississippi

February 2, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Mississippi due to Severe Storms, Tornadoes, Straight-line Winds, and Flooding. Declaration Date: January 25, 2017 Incident Period: January 20, 2017 to January 21, 2017 The following counties were identified by FEMA: Forrest, Lamar, Lauderdale and Perry counties. If […]

Announcement 2017 : 02 - FEMA Disaster Declaration – Georgia

February 2, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Georgia due to Severe Storms, Tornadoes, and Straight-line Winds. Declaration Date: January 25, 2017 Incident Period: January 2, 2017 The following counties were identified by FEMA: Dougherty County. If the subject property is located in one of the […]

Announcement 2017 : 01 - FEMA Disaster Declaration – Georgia

February 2, 2017; rev. February 6, 2017 The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Georgia due to Severe Storms, Tornadoes, and Straight-line Winds. Declaration Date: January 26, 2017 Incident Period: January 21, 2017 – January 26, 3017 The following counties were identified by FEMA: Berrien, Cook, Crisp, Dougherty, […]

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If your property has been affected by a Hurricane, please visit REMN’s  FEMA Declared Disaster Resource Center