Compliance News You Need to Know: from DocMagic

ML 11-29: Federal Housing Administration’s (FHA) Maximum Loan Limits Effective October 1, 2011 through December 31, 2011

Mortgagee Letter 2011-29 provides notice of FHA’s single family housing loan limits for Forward Mortgages and Home Equity Conversion Mortgages (HECMs) effective October 1, 2011 through December 31, 2011, provides loan limit instructions for FHA-insured to FHA-insured refinance transactions, and provides eligibility criteria and instructions for pipeline loans which have not closed on or before September 30, 2011. To read this mortgagee letter, Click Here to visit DocMagic's "Compliance Wizard" newsletter.