FHA corrected borrower qualification criteria for the FHA-HAMP option in the Single Family Housing Policy Handbook. FHA updated the handbook to state that the borrower’s existing front-end ratio must be greater than 31% (rather than less than or equal to 31%), or 85% of the borrower’s income must be insufficient to cure arrears within 6 months. The correction is effective immediately.
Fannie Mae
Fannie Mae Issues Servicing Guide Announcement SVC-2025-01
Fannie Mae issued Servicing Guide Announcement SVC-2025-01 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae introduced new cybersecurity requirements for
February 17, 2025
