RHS revised chapter 16 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). The updates to chapter 16: clarify the circumstanced under which a power of attorney may be utilized to close a loan; modify language with respect to the maximum hazard insurance deductible; and make technical corrections to the Loan Closing Stacking Order Checklist (Attachment 16-A). The updates went into effect July 7, 2017.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
