RHS issued an announcement outlining relief measures loan holders and loan servicers should implement to assist borrowers affected by Hurricane Harvey. The measures include the forbearance of loan payments and a 90 day foreclosure suspension.
Click here to view the RHS Servicing Relief to Borrowers Affected by Hurricane Harvey
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Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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