FHA increased the home equity conversion mortgage (HECM) limits for 2017. The maximum claim amount for FHA-insured HECMs in 2017 will be $636,150 (an increase
FHA issued Mortgagee Letter 2016-17 announcing an address change for FHA’s National Servicing Center branch, located in Tulsa, Oklahoma. Lenders and servicers must use the
FHA issued Mortgagee Letter 2016-16 updating the source for obtaining the 10-year London Interbank Offered Rate (LIBOR) swap rate. Under the Mortgagee Letter, mortgagees must
FHA reminds mortgagees of the 90-day foreclosure moratorium for properties located in presidentially-declared major disaster areas due to damage caused by Hurricane Matthew. Click here
FHA updated the Single Family Housing Policy Handbook 4000.1 (Update). The Update contains technical changes for consistency and clarity, and adds several policy updates. The
FHA allows the electronic filing of claims for Claims Without Conveyance of Title procedure. Servicers filing claims related to FHA’s Claims Without Conveyance of Title
FHA issued Mortgagee Letter 2016-14. The Mortgagee Letter informs mortgagees of updated procedures for the evaluation and use of FHA’s loss mitigation home retention options,
FHA issued Mortgagee Letter 2016-13. The Mortgagee Letter extends the temporary condominium project approval policy provisions issued in Mortgagee Letter 2012-18 and Mortgagee Letter 2015-27
FHA issued a reminder regarding the 90-day foreclosure moratorium for properties located in a presidentially-declared major disaster area. In light of the recent Presidentially-Declared Major
FHA adopted regulations revising FHA’s property disposition provisions. The adopted regulations consolidate and reorganize FHA’s property disposition provisions to better reflect industry standards. Specifically, the
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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