AWACSMortgage compliance intelligence from Flightline

Briefings

Weekly briefing, October 21, 2024

Updates published to for Conventional, USDA. Built from published records only.

Action required, new this week

Required changes published this week.

No new required changes this week.

Coming into effect in the next 60 days

Effective dates from .

Radian aligns maximum conforming and high-cost loan limits with 2025 FHFA increases for One Underwrite (AUS)
Radian, 2025 conforming and high-cost loan limits in Radian system. In 49 days.

Review recommended

New guidance, clarifications, flexibilities, overlays and insurer positions.

CFPB, Final rules and official interpretations FR Doc. 2024-23277,
Review recommended

Appraisals for Higher-Priced Mortgage Loans Exemption Threshold: 2025 increase to $33,500

Loan impactAll programsAppraisalProperty eligibilityUnderwritingCompliance

Applies to: Higher-priced mortgage loans consummated from January 1, 2025 through December 31, 2025, for which the appraisal exemption threshold is now $33,500.

What to review: No change is mandatory, so first review how the higher threshold of $33,500, effective January 1, 2025 for loans consummated through December 31, 2025, relaxes the earlier $32,400 amount. The lender may use the higher amount when deciding whether a higher-priced mortgage loan is exempt from the appraisal requirement. AWACS interpretation

Effective Jan 1, 2025View affected requirements →

Threads that moved

Topics more than one source has acted on, with a new update this week.

No thread moved this week.

Enforcement this week

Regulator actions against lenders and servicers published this week. Shown whatever your coverage.

Data releases

Data releases and announcements with no direct requirement.