Fannie Mae Selling Guide Announcement (SEL-2022-01) provides changes to the requirements for HomeStyle Renovation mortgage loans. Specifically, the update states that renovation work must be completed within 15 months from the date the loan is closed. Also, extensions to the 15-month timeframe will only be permitted due to extenuating circumstances beyond the borrower’s control.
Texas Lock-In Agreement
TXLIA.MSC
Updated "Monthly Payment" section on page 2 (removed second sentence from second paragraph). (Date of Release to Production: 04/07/22)
Prospectus Ginnie Mae II Mortgage-Backed Securities
11717II.HUD
Updated to most recent website version. (Date of Release to Production: 04/07/22)
Rider for Section 184-A Mortgage (Leasehold)
50149A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
Mortgage Credit Analysis Worksheet
50132A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
Single Close 184-A Applicant Acknowledgement
50125A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
Section 184A Homebuyer Notice Form
50124A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
Section 184-A Construction Loan Rider
50112A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
In order to keep DocMagic software users better apprised of document changes and additions as they occur, DocMagic posts listings of all newly created and revised documents. Here is the list of forms created or modified in April 2022.
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Section 184A Warranty of Completion of Construction
50110A.HUD
New HUD form. (Date of Release to Production: 04/07/22)
