RHS issued a SFH Guaranteed Servicing Notice (Notice) announcing new default status reason codes for electronic status reporting. Per the Notice, RHS added 12 new status reason codes servicers are required to utilize to complete the servicer’s monthly default status reporting. The Notice is effective May 25, 2022.
Click to view the RHS SFH Guaranteed Servicing Notice: https://www.tenaco.com/wp-content/uploads/2022/05/RHS-SFH-Guaranteed-Servicing-Notice-05-25-22.pdf
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FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
VA issued Circular 26-24-19, clarifying documentation requirements related to supporting itemized fees and charges to the borrower (or assumer). Per the Circular, reasonable and customary
Freddie Mac issued Bulletin 2024-G (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Revisions related to custom modifications functionality in
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