Seller/Servicer Memorandum 24-04

Date:       April 3, 2024

From:        Michelle Graves
                 Director, Mortgage Operations

SELLING GUIDE REVISIONS: CONTACT UNDERWRITING 
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

Interest Rate Lock-In Fee
(Section 1005.02, Section 1005.07, Section 1005.09)

The fee for the AHFC Lock-In/Rate Reservation will be increasing to $400.  

Commitment Fee on a Streamline Refinance 
(Section 1005.09)

The fee for commitments issued with the Streamline Refinance option will now be .125% on all Urban and Rural loan programs. The fee is the same for Delegated or Program Compliance submissions.  

This fee will no longer be waived when the commitment results in a purchased loan. 

These changes go into effect on May 1, 2024.