FHA issued Mortgagee Letter 2023-11 clarifying loss mitigation options for non-borrowers who acquire title through a transfer that exempts the borrower’s mortgage from being called
FHA issued Mortgagee Letter 2023-10 modifying Home Equity Conversion Mortgage (HECM) Assignment Claim Type 22 submission criteria and documentation requirements. Per the Mortgagee Letter, FHA:
FHA issued Mortgagee Letter 2023-09, implementing the provisions of the Adjustable Rate Mortgages (ARMS): Transitioning from London Interbank Offered Rate (LIBOR) to Alternative Indices rule
FHA issued Mortgagee Letter 2023-08, extending COVID-19 Forbearance and COVID-19 Home Equity Conversion Mortgage extension policies. Per the Mortgagee Letter, FHA extended COVID-19 Forbearance and
FHA issued a notice expanding the definition of imminent default to include homeowners who qualify for Homeowner Assistance Funds (HAF). Per the notice, servicers will
FHA adopted rules establishing a 40-year loan modification option. Under the adopted rules, lenders and servicers may increase the maximum term of a loan modification
FHA adopted rules transitioning from the London Interbank Offered Rate (LIBOR) index to the Secured Overnight Financing Rate (SOFR) index for FHA-insured ARMs. Per the
FHA issued Mortgagee Letter 2023-05, reducing annual mortgage insurance premiums and amending the base loan amount threshold used to establish mortgage insurance premiums. Per the
FHA issued Mortgagee Letter 2023-03, requiring electronic submissions for all Title II single-family mortgage insurance claim types. Per the Mortgagee Letter, FHA eliminated paper-based filings
FHA issued Mortgagee Letter 2023-03, correcting and republishing expansion of COVID-19 recovery loss mitigation options Mortgagee Letter 2023-02. Per this Mortgagee Letter, FHA made 3
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
FHA issued Mortgagee Letter (ML) 2025-09 and Title I Letter (TIL) TIL-490 removing loan eligibility for non-permanent residents. Per the ML and TIL, FHA eliminated
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