2024 Announcements

Announcement 2024 : - FEMA Disaster Notice for Maine

SUBJECT: FEMA Disaster Notice for Maine   DATE: March 22, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4764 for the state of Maine due to severe storms and […]

Announcement 2024 : - FEMA Disaster Notice for Rhode Island

SUBJECT: FEMA Disaster Notice for Rhode Island    DATE: March 22, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4765 for the state of Rhode Island due to severe […]

Announcement 2024 : - FEMA Disaster Notice for Rhode Island

SUBJECT: FEMA Disaster Notice for Rhode Island    DATE: March 22, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4766 for the state of Rhode Island due to severe […]

Announcement 2024 : - FEMA Disaster Notice for Washington

SUBJECT: FEMA Disaster Notice for Washington DATE: February 16,2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4759 for the state of Washington due to wildfires. Declaration Date: February […]

Announcement 2024 : - FEMA Disaster Notice for Rhode Island

SUBJECT: FEMA Disaster Notice for Rhode Island DATE: January 10, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4753 for the state of Rhode Island due to severe […]

Announcement 2024 : - FEMA Disaster Notice for Maine

SUBJECT: FEMA Disaster Notice for Maine DATE: FEMA Disaster Notice for Maine The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4754 for the state of Maine due to severe […]

Announcement 2024 : - FEMA Disaster Notice for West Virginia

SUBJECT: FEMA Disaster Notice for West Virginia DATE: February 2, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4756 for the state of West Virginia due to severe […]

Announcement 2024 : - FEMA Disaster Notice for Michigan

SUBJECT: FEMA Disaster Notice for Michigan DATE: February 12, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4757 for the state of Michigan due to severe storms, tornadoes, […]

Announcement 2024 : - FEMA Disaster Notice for California

SUBJECT: FEMA Disaster Notice for California DATE: February 21,2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4758 for the state of California due to severe storms and flooding. […]

Announcement 2024 : - FEMA Disaster Notice for California

SUBJECT: FEMA Disaster Notice for California DATE: February 21, 2024 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4758 for the state of California due to severe storms and […]

Announcement 2024 : - Updates to Non-QM Elite Access Guidelines

REMN is pleased to announce several enhancements to our Non-QM Elite Access product effective  January 12, 2024. New Document Type Additions DSCR/Investor Cash Flow Maximum 80% LTV Maximum loan amount […]

Announcement 2024 : - Non-QM Access Condotel Eligibility

REMN is pleased to announce that condotel properties will be eligible for our Non-QM Access product effect January 12, 2024. Condotel Details Condominium units located in condotel or hotel-like projects […]

2023 Announcements

Announcement 2023 : - FNMA Announcement 2023-09

SUBJECT: FNMA Announcement 2023-09 DATE: December 21, 2023 FNMA published SEL-2023-09 on October 4, 2023, which included some policy changes that are effective January 1, 2024. RENTAL INCOME Effective date: […]

Announcement 2023 : - FEMA Disaster Notice for Tennessee

SUBJECT: FEMA Disaster Notice for Tennessee DATE: December 14, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4751 for the state of Tennessee due to severe storms and […]

Announcement 2023 : - 2024 Conventional Loan Limits

SUBJECT: 2024 Conventional Loan Limits DATE: November 30, 2023 ** The below information supersedes details in REMN Announcement 2023-33.** The Federal Housing Finance Agency (FHFA) has announced 2024 loan limits […]

Announcement 2023 : - 2024 FHA Loan Limits

SUBJECT: 2024 FHA Loan Limits DATE: November 30, 2023 HUD announced the FHA loan limits for 2024 in Mortgagee Letter 2023-21. New loan limits apply to case numbers assigned on […]

Announcement 2023 : - FEMA Disaster Notice for Illinois

SUBJECT: FEMA Disaster Notice for Illinois DATE: November 28, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4749 for the state of Illinois due to severe storms and […]

Announcement 2023 : - Updates to Access Investor Cash Flow Transactions

SUBJECT: Updates to Access Investor Cash Flow Transactions DATE: November 20, 2023 REMN is pleased to announce an improvement to our Non-QM Access Investor Cash Flow loan product, effective immediately. […]

Announcement 2023 : - New LTV Limit for FNMA 2-4 Unit Properties

SUBJECT: New LTV Limit for FNMA 2-4 Unit Properties DATE: November 8, 2023 FNMA recently announced  an improvement to the LTV/CLTV/HCLTV for primary residence 2-4 units, effective with the DU […]

Announcement 2023 : - 2024 FNMA and FHLMC Loan Limits

SUBJECT: 2024 FNMA and FHLMC Loan Limits DATE: October 19, 2023 REMN is pleased to announce that we will permit FNMA & FHLMC loans to utilize anticipated 2024 general/conforming loan […]

Announcement 2023 : - FEMA Disaster Notice for Georgia

SUBJECT: FEMA Disaster Notice for Georgia DATE: September 12, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4738 for the state of Georgia due to Hurricane Idalia. Declaration […]

Announcement 2023 : - FEMA Disaster Notice for Florida

SUBJECT: FEMA Disaster Notice for Florida DATE: September 1, 2023 (rev.2 – September 12, 2023) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4734 for the state of Florida […]

Announcement 2023 : - FEMA Disaster Notice for Illinois

SUBJECT: FEMA Disaster Notice for Illinois DATE: August 17, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4728 for the state of Illinois due to severe storms and […]

Announcement 2023 : - FEMA Disaster Notice for Mississippi

SUBJECT: FEMA Disaster Notice for Mississippi DATE: August 14, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4727 for the state of Mississippi due to severe storms, straight […]

Announcement 2023 : - FEMA Disaster Notice for Hawaii

SUBJECT: FEMA Disaster Notice for Hawaii DATE: August 11, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4724 for the state of Hawaii due to wildfires. Declaration Date: […]

Announcement 2023 : - FEMA Disaster Notice for Vermont

SUBJECT: FEMA Disaster Notice for Vermont DATE: July 18, 2023 rev. September 22, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4720 for the state of Vermont due […]

Announcement 2023 : - Introducing REMN’s Jumbo Gold Product

SUBJECT: Introducing REMN’s Jumbo Gold Product DATE: May 26, 2023 REMN Wholesale is pleased to announce a new product, Jumbo Gold. Full product guidelines can be found at www.remnwholesale.com Jumbo […]

Announcement 2023 : - Access Guideline Updates

REMN Wholesale is pleased to announce enhancements to our Access program. Prepayment Penalty Prepayment Penalty has been revised to reflect six (6) months interest on the amount prepaid exceeding 20% […]

Announcement 2023 : - Conventional Platinum Pricing Updates

SUBJECT: Conventional Platinum Pricing Updates DATE: May 15, 2023 **The contents of this announcement supersede Announcement 2020-20, “Conventional Platinum W2 Program”** REMN Wholesale is pleased to announce enhancements to our […]

Announcement 2023 : - FEMA Disaster Notice for Florida

SUBJECT: FEMA Disaster Notice for Florida DATE: May 1, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4709 for the state of Florida due to severe storms, tornadoes, […]

Announcement 2023 : - FEMA Disaster Notice for Oklahoma

SUBJECT: FEMA Disaster Notice for Oklahoma DATE: April 28, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4706 for the state of Oklahoma due to severe storms, straight-line […]

Announcement 2023 : - FEMA Disaster Notice for Indiana

SUBJECT: FEMA Disaster Notice for Indiana DATE: April 18, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4704 for the state of Indiana due to severe storms, straight […]

Announcement 2023 : - FEMA Disaster Notice for Tennessee

SUBJECT: FEMA Disaster Notice for Tennessee DATE: April 10, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4701 for the state of Tennessee due to severe storms, straight-line […]

Announcement 2023 : - FEMA Disaster Notice for California

SUBJECT: FEMA Disaster Notice for California DATE: April 7, 2023 (Revised July 11, 2023) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4699 for the state of California due […]

Announcement 2023 : - FEMA Disaster Notice for Arkansas

SUBJECT: FEMA Disaster Notice for Arkansas DATE: April 3, 2023 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4698 for the state of Arkansas due to severe storms and […]

Announcement 2023 : - Updates to REMN’s Temporary Buydown Eligibility

SUBJECT: Updates to REMN’s Temporary Buydown Eligibility DATE: April 3, 2023 **This Announcement updates the contents of Announcements 22-15 “Temporary Buydowns” and 23-2 “Buydowns Available for Jumbo AUS and Access […]

Announcement 2023 : - Appraisal Orders via the Hub

SUBJECT: Appraisal Orders via the Hub DATE: March 31, 2023 REMN Wholesale is introducing new appraisal-ordering functionality directly in the Hub, effective Monday April 3, 2023. With this new enhancement, […]

Announcement 2023 : - Revisions to REMN’s Approved AMC List

SUBJECT: Revisions to REMN’s Approved AMC List DATE: March 31, 2023 (rev. June 30, 2023) Revisions have been made to REMN Wholesale’s approved AMC list, including our conventional AMC map. […]

Announcement 2023 : - FEMA Disaster Notice for Mississippi

SUBJECT: FEMA Disaster Notice for Mississippi DATE: March 28, 2023 (rev. April 3, 2023) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4697 for the state of Mississippi due […]

Announcement 2023 : - New IRS 4506C Form

SUBJECT: New IRS 4506C Form DATE: February 28, 2023 The IRS is implementing a new version of the 4506-C  – Form 4506-C, IVES Request for Transcript of Tax Return along […]

Announcement 2023 : - Supplemental Consumer Information Form

SUBJECT: Supplemental Consumer Information Form DATE: February 28, 2023 FHFA announced  the requirement of the new Supplemental Consumer Information Form  (SCIF – FNMA/FHLMC form 1103) to be included for all […]

Announcement 2023 : - Updates to FHA Mortgage Insurance Premium

SUBJECT: Updates to FHA Mortgage Insurance Premium DATE: February 28, 2023 FHA published Mortgage Letter 23-05 announcing Mortgage Insurance Premium reductions effective for case numbers with an ENDORSMENT date of […]

Announcement 2023 : - Updates to VA Funding Fee

SUBJECT: Updates to VA Funding Fee DATE: February 23, 2023 VA published Circular 26-23-06 announcing Funding Fee reductions effective for loans with a NOTE date of April 7, 2023, and […]

Announcement 2023 : - Enhancements to REMN’s Access Product

SUBJECT: Enhancements to REMN’s Access Product DATE: February 3, 2023 REMN Wholesale’s is pleased to announce positive enhancements to our Access product suite. The detailed changes below are effective for […]

Announcement 2023 : - 2022 Income Document Requirements

SUBJECT: 2022 Income Document Requirements DATE: January 23, 2023 REMN Wholesale’s policy for receipt of 2022 income forms can be found below. This guidance is applicable for all loan products that […]

Announcement 2023 : - FEMA Disaster Notice for Georgia

SUBJECT: FEMA Disaster Notice for Georgia DATE: January 18, 2023 (Revised February 14, 2023) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4685 for the state of Georgia due […]

Announcement 2023 : - FEMA Disaster Notice for California

SUBJECT: FEMA Disaster Notice for California DATE: January 18, 2023 (Revised May 30, 2023) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4683 for the state of California due […]

Announcement 2023 : - FEMA Disaster Notice for Alabama

SUBJECT: FEMA Disaster Notice for Alabama DATE: January 18, 2023 (Revised 2/6/23) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4684 for the state of Alabama due to severe […]

Announcement 2023 : - Buydowns Available for Jumbo AUS and Access Loans

SUBJECT: Buydowns Available for Jumbo AUS and Access Loans DATE: January 13, 2023 (revised 5.25.23) *Note: Effective 5.25.23, the Jumbo AUS product has been discontinued REMN is pleased to announce […]

Announcement 2023 : - Broker Opt-Out for Initial LE Review – REMN Prepared Disclosures

SUBJECT: Broker Opt-Out for Initial LE Review – REMN Prepared Disclosures DATE: January 4, 2023 REMN is pleased to announce that Brokers will have the ability to opt-out of having […]

2022 Announcements

Announcement 2022 : - FEMA Disaster Notice for Florida

SUBJECT: FEMA Disaster Notice for Florida DATE: December 15, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4680 for the state of Florida due to Hurricane Nicole. Declaration […]

Announcement 2022 : - 2023 FHA Loan Limits

SUBJECT: 2023 FHA Loan Limits DATE: December 06, 2022 HUD announced the FHA loan limits for 2023 in Mortgagee Letter 2022-20, dated December 1st, 2022. New loan limits apply to […]

Announcement 2022 : - 2023 VA Loan Limits

SUBJECT: 2023 VA Loan Limits DATE: December 06, 2022 While VA has not yet published 2023 loan limits, it is anticipated that the 2023 conventional loan limits set forth by […]

Announcement 2022 : - 2023 Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) has announced 2023 loan limits for FNMA and FHLMC agency loans. *This announcement supersedes REMN’s former announcement number 2022-16 regarding temporary 2023 loan limits […]

Announcement 2022 : - FEMA Disaster Notice for South Carolina

SUBJECT: FEMA Disaster Notice for South Carolina DATE: November 29, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4677 for the state of South Carolina due to Hurricane […]

Announcement 2022 : - FEMA Disaster Notice for Illinois

SUBJECT: FEMA Disaster Notice for Illinois DATE: November 11, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4676 for the state of Illinois due to severe storms and […]

Announcement 2022 : - Updates to REMN’s Minimum Submission Requirements

SUBJECT: Updates to REMN’s Minimum Submission Requirements DATE: November 1, 2022 REMN Wholesale is modifying our minimum submission requirements for new loan submissions to disclosure and setup. These changes are […]

Announcement 2022 : - Updates to DSCR for Access Investor Cash Flow Loans

SUBJECT: Updates to DSCR for Access Investor Cash Flow Loans DATE: October 21, 2022 Effective immediately, REMN’s Access Investor Cash Flow product will require a DSCR of 0.75% or greater.  […]

Announcement 2022 : - New P&L Only Option for Access Non-QM Product

SUBJECT: New P&L Only Option for Access Non-QM Product DATE: October 14, 2022 Effective 10/14/2022, a P&L Statement Only alternative documentation option is available for REMN Wholesale’s Access Non-QM product. […]

Announcement 2022 : - 2023 VA Loan Limits

SUBJECT: 2023 VA Loan Limits DATE: October 3, 2022 (Revised 10/14/22) REMN is amending maximum loan limit amounts for eligible conforming loans as noted below Maximum conforming loan amount in […]

Announcement 2022 : - FEMA Disaster Notice for Florida

SUBJECT: FEMA Disaster Notice for Florida DATE: October 3, 2022 (revised November 14, 2022) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4673 for the state of Florida due […]

Announcement 2022 : - 2023 FNMA and FHLMC Loan Limits

Date: September 12, 2022 (Revised 10/14/22) REMN is amending maximum loan limit amounts for eligible conforming loans as noted below Maximum conforming loan amount in the contiguous states is $700,000 […]

Announcement 2022 : - Temporary Buydowns

Date: August 11, 2022, rev. November 9, 2022 REMN is pleased to announce the availability of Temporary Buydowns on FNMA, FHLMC, FHA, USDA, and VA products . This feature is available […]

Announcement 2022 : - FEMA Disaster Notice for Missouri

SUBJECT: FEMA Disaster Declaration for Missouri DATE: August 10, 2022  The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4665 for the state of Missouri due to severe storms and […]

Announcement 2022 : - FEMA Disaster Declaration for Kentucky

SUBJECT: FEMA Disaster Declaration for Kentucky DATE: August 1, 2022 (Revised 9/2/22) The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4663 for the state of Kentucky due to severe […]

Announcement 2022 : - Anti-Steering Form Requirements

Subject: Anti-Steering Form Requirements Date: July 22, 2022 Effective with loans registered on 7/22/2022 and after, REMN Wholesale will now include an Anti-Steering Loan Options form in our REMN-prepared initial […]

Announcement 2022 : - FHA ML22-09: Income Calculation for Borrowers Impacted by COVID-19

Subject: FHA ML22-09: Income Calculation for Borrowers Impacted by COVID-19 Date: July 20, 2022 FHA published Mortgagee Letter 2022-09, which provides additional underwriting consideration on the calculation or qualifying income […]

Announcement 2022 : - Freddie Mac Updates to ACE and PDR Eligibility

Subject: Freddie Mac Updates to ACE and PDR Eligibility Date: July 19, 2022 Freddie Mac (FHLMC) recently communicated changes to their Automated Collateral Evaluation (ACE) eligibility. This change will result […]

Announcement 2022 : - FEMA Disaster Declaration for Oklahoma

SUBJECT: FEMA Disaster Declaration for Oklahoma DATE: July 8th, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4657 for the state of Oklahoma due to severe storms, tornadoes, […]

Announcement 2022 : - FEMA Disaster Declaration for Montana

SUBJECT: FEMA Disaster Declaration for Montana DATE: July 8th, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4655 for the state of Montana due to severe storms and […]

Announcement 2022 : - ARM Availability for Jumbo Elite Product

SUBJECT: ARM Availability for Jumbo Elite Product DATE: May 27, 2022 REMN has made several enhancements to our Jumbo Elite product including the addition of ARMs. ARM Parameters: 5/6, 7/6, […]

Announcement 2022 : - FEMA Disaster Declaration for New Mexico

SUBJECT: FEMA Disaster Declaration for New Mexico DATE: May 5, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4652 for the state of New Mexico due to wildfires […]

Announcement 2022 : - Simple Access Product Updates

SUBJECT: Simple Access Product Updates DATE: February 11, 2022 Due to volatility in the non-QM market, we have been forced to make several temporary changes to our Simple Access product […]

Announcement 2022 : - Flood Certification Fee Increase

SUBJECT: Flood Certification Fee Increase DATE: February 8, 2022 REMN Wholesale’s flood search fee will be increasing effective Friday February 11, 2022. Important changes starting Friday 2/11: The new flood […]

Announcement 2022 : - FEMA Disaster Declaration for Tennessee

SUBJECT: FEMA Disaster Declaration for Tennessee DATE: January 19th, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4637 for the state of Tennessee due to severe storms, straight […]

Announcement 2022 : - FEMA Disaster Declaration for Washington State

SUBJECT: FEMA Disaster Declaration for Washington DATE: January 7, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4635 for the state of Washington due to flooding and mudslides. […]

Announcement 2022 : - FEMA Disaster Declaration for Colorado

SUBJECT: FEMA Disaster Declaration for Colorado DATE: January 3, 2022 The Federal Emergency Management Agency (FEMA) issued Disaster Declaration 4634 for the state of Colorado due to wildfires and straight […]

2021 Announcements

Announcement 2021 : - REMN’s December Holiday Hours

Subject: REMN’s December Holiday Hours Date:  December 20, 2021 Below are REMN’s December holiday hours and important information regarding rescission dates. REMN is closed on Friday, December 24 in observance […]

Announcement 2021 : - REMN’s Renovation Lending Software Launch

Subject:  REMN’s Renovation Lending Software Launch Date:  September 20, 2021   REMN Wholesale is pleased to announce the rollout of new software that will assist brokers in managing their renovation […]

Announcement 2021 : - FEMA Disaster Declaration for Pennsylvania

Subject:  FEMA Disaster Declaration for Pennsylvania Date:  September 13, 2021 rev. September 27, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Pennsylvania […]

Announcement 2021 : - FEMA Disaster Declaration for North Carolina

Subject:  FEMA Disaster Declaration for North Carolina Date:  September 10, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of North Carolina due to […]

Announcement 2021 : - FEMA Disaster Declaration for New York

Subject:  FEMA Disaster Declaration for New York Date:  September 8, 2021, rev. 2 October 25, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state […]

Announcement 2021 : - FEMA Disaster Declaration for New Jersey

Subject:  FEMA Disaster Declaration for New Jersey Date:  September 8, 2021, rev. September 21, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of […]

Announcement 2021 : - FEMA Disaster Declaration for Louisiana

Subject:  FEMA Disaster Declaration for Louisiana Date:  September 1, 2021 rev. September 20, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Louisiana […]

Announcement 2021 : - FEMA Disaster Declaration for California

Subject:  FEMA Disaster Declaration for California Date:  August 26, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of California due to wildfires. Declaration […]

Announcement 2021 : - FEMA Disaster Declaration for Tennessee

Subject:  FEMA Disaster Declaration for Tennessee Date:  August 26, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Tennessee due to flooding and […]

Announcement 2021 : - Access Product Updates

REMN Wholesale’s Access product has been updated with several positive enhancements – including the addition of Foreign National borrower eligibility. Key Updates – General 90 LTV to $1.5MM on primary […]

Announcement 2021 : - FEMA Disaster Declaration for Michigan

SUBJECT:  FEMA Disaster Declaration for Michigan DATE:  July 23, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Michigan due to severe storms, […]

Announcement 2021 : - Investor Solution Product for Conventional Loans

Subject:  Investor Solution Product for Conventional Loans Date:  June 28, 2021   REMN Wholesale is pleased to announce we have added Investor Solution to our product roster, which was developed […]

Announcement 2021 : - FNMA RefiNow™ Product

Subject:  FNMA RefiNow™ Product Date:  June 24, 2021   REMN Wholesale is pleased to announce we have added FNMA’s RefiNow™ to our product roster. Product Highlights The existing loan must […]

Announcement 2021 : - REMN Wholesale Servicing Updates

Subject:  REMN Wholesale Servicing Updates Date:  June 16, 2021   REMN Wholesale will be transitioning to a new sub-servicing platform effective Thursday July 1, 2021. Due to this update, Brokers […]

Announcement 2021 : - FEMA Disaster Declaration for Louisiana

Subject:  FEMA Disaster Declaration for Louisiana Date:  June 11, 2021   The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Louisiana due to severe storms, […]

Announcement 2021 : - New URLA (1003) Form Implementation

As the industry prepares to transition over to the newly redesigned URLA (1003) form, REMN is communicating important guidance regarding loan submissions in the Hub. Below are REMN’s transition timelines […]

Announcement 2021 : - New IRS Form 4506-C

Effective March 1, 2021 the Internal Revenue Service will only be accepting transcript requests completed on a 4506-C form. The IRS is replacing the current 4506-T with the new 4506-C […]

Announcement 2021 : - Government Platinum Pricing Updates

REMN has updated parameters for Platinum Pricing on government loans. These are effective immediately for newly submitted loans or pipeline loans that haven’t been locked. REMN makes our government Platinum […]

Announcement 2021 : - FHA Updates to Borrowers with DACA Status

Today HUD announced major changes to their guidelines for borrowers with Deferred Action for Childhood Arrivals (DACA) status. These changes are effective immediately and apply to new loan submission as […]

Announcement 2021 : - Updates to REMN’s Government FICO Overlays

REMN Wholesale is removing all prior overlays on government loans for FICO scores 620-659. These updates are effective immediately and apply to new loans being submitted and pipeline loans. The […]

Announcement 2021 : - FEMA Disaster Notice for Louisiana

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Louisiana due to Hurricane Zeta. Declaration Date:  January 12, 2021 Incident Period:  October 26-October 29, 2020 […]

Announcement 2021 : - Update to Conventional AMC Designations

REMN Wholesale has made significant revisions to our Conventional AMC alignments. Brokers must use the state-specified AMC when ordering an appraisal for any FNMA or FHLMC loan. These changes are […]

Announcement 2021 : - Updates to Conventional Cash-Out Minimum FICO Requirement

REMN is pleased to announce we are removing our higher FICO score overlay for cash-out transactions on FNMA and FHLMC products. Effective immediately, DU/LP findings relative to credit score may […]

Announcement 2021 : - 2020 W-2/1099 Forms and Transcripts

REMN is providing guidance on W-2/1099 and transcript requirements for 2020. The following policy applies to any loan closing or signing on or after February 1st, 2021: 2020 W-2/1099 Requirements […]

2020 Announcements

Announcement 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 2020 : - 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 […]

Announcement 2020 : - FICO Score Update for 203k Loans

REMN Wholesale has modified our minimum FICO score requirement for 203(K) loans to the following: Purchase loans – minimum FICO score is 640 Refinance loans – minimum FICO score is […]

Announcement 2020 : - FICO Score Update for Conventional Loans

REMN Wholesale has modified our minimum FICO score requirement for cash-out conventional (FNMA and FHLMC) loans. The new minimum FICO score is 680. This updated requirement applies to new loan […]

Announcement 2020 : - Forbearance Policy

DATE: May 27, 2020  In response to current market conditions due to the COVID-19 pandemic, REMN Wholesale is announcing a forbearance loan policy. This policy is effective immediately and applies […]

Announcement 2020 : - Loan Submissions with a TBD Property Address

DATE: May 19, 2020 REMN Wholesale is temporarily suspending submissions and initial disclosure preparation for loans that do not have a property address (TBD loans). This guidance is effective with […]

Announcement 2020 : - VA Appraisal Guidance

DATE: April 6, 2020 REMN Wholesale has modified our policy regarding appraisal inspection report types due to new guidance from VA. In response to COVID-19, reduced documentation may be permitted […]

Announcement 2020 : - IRS Tax Transcript Policy Update Due to COVID-19

DATE: March 27, 2020 REMN Wholesale utilizes a random loan selection to obtain tax transcripts. Due to the COVID-19 situation, there are significant delays in the processing of IRS transcripts. […]

Announcement 2020 : - Updates to Government FICO and DTI Requirements

DATE: March 27, 2020 Due to continued Covid-19 market volatility and anticipated economic implications, REMN Wholesale is imposing temporary restrictions to our government lending policies including FICO and DTI limitations. […]

Announcement 2020 : - Covid-19 Employment and Income Reverification Requirements

DATE: March 26, 2020 REMN Wholesale has modified our requirements in response to Fannie and Freddie’s guidance regarding employment and income continuation due to COVID-19. In addition, as FHA, VA […]

Announcement 2020 : - FNMA & FHLMC Appraisal Guidance

Rev. June 28, 2020 **This guidance has been extended and is effect for applications taken on or before July 31, 2020** REMN Wholesale has modified our policy regarding appraisal inspection […]

Announcement 2020 : - Extension to Pay 2019 Federal Taxes

REMN Wholesale has modified our policy regarding the validation of any taxes owed due to new legislation enacted by the federal government. Taxpayers will be allowed to defer the payment […]

Announcement 2020 : - Suspension of Non-QM Programs

DATE: March 18, 2020 rev. March 23, 2020 **UPDATE – Due to the continuation of volatile secondary market conditions, REMN Wholesale is unable to proceed with any Non-QM or Jumbo […]

2019 Announcements

Announcement 2019 : - Conventional Loan Limits for 2020

The Federal Housing Finance Agency (FHFA) has announced 2020 loan limits for FNMA and FHLMC agency loans. The complete list of counties (including high-cost area counties) can be found via […]

Announcement 2019 : - REMN-Prepared Initial Disclosure Package

REMN Wholesale is pleased to announce that effective Wednesday, October 30 the REMN-generated initial disclosure package will include all Federal and State disclosures. Here are some important details about this […]

Announcement 2019 : - FEMA Disaster Declaration – Texas

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Texas due to tropical storm Imelda. Declaration Date: October 4, 2019 Incident Period: September 17, 2019 […]

Announcement 2019 : - REMN Wholesale Streamlines Submission Process With The Hub Broker Portal

REMN Wholesale, an industry leader in customer service and consistent same day turn times, is introducing their revamped portal on Monday, July 1, 2019. Appropriately named The Hub (hub.remnwholesale.com), the […]

Announcement 2019 : - Simple Access Asset Qualifier

REMN Wholesale has added Asset Qualifier to its Simple Access suite of products. This program is designed for borrowers who are sound credit risks based on a common-sense approach to […]

Announcement 2019 : - Tax Service Fee Update

REMN Wholesale’s tax service fee will be changing with new loans submitted on or after March 18, 2019. Our tax service fee will be reduced from $83 to $70 on […]

Announcement 2019 : - FEMA Disaster Declaration – Alabama

The Federal Emergency Management Agency (FEMA) issued a Disaster Declaration for the state of Alabama due to severe storms, straight-line winds, and tornadoes. Declaration Date: March 5, 2019 Incident Period: […]

Announcement 2019 : - 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 […]

Announcement 2019 : - 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 […]

Announcement 2019 : - 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 […]

Announcement 2019 : - 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 […]

2018 Announcements

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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, […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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: […]

Announcement 2018 : - 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, […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

Announcement 2018 : - 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 […]

2017 Announcements

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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, […]

Announcement 2017 : - 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, […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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, […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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 […]

Announcement 2017 : - 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, […]

Announcement 2017 : - 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. […]
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