FHA rescinded Mortgagee Letter 2019-06: Downpayment Assistance and Operating in a Government Capacity Guidance. The Mortgagee Letter went into effect April 18, 2019. The rescission is effective immediately. Per FHA, the definitive policy guidance for FHA’s downpayment assistance program continues to be found in Section II.A.4.d.ii. of the Single Family Housing Policy Handbook 4000.1.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception