FHA issued Mortgagee Letter 2025-06, updating servicing, loss mitigation and claim requirements. The Mortgagee Letter includes (but is not limited to) updates with respect to:
- Repayment plan and forbearance policies;
- Home retention options for borrowers who can resume the borrower’s previous monthly payments, and for borrowers who cannot afford the borrower’s existing monthly payments;
- Home disposition options (including streamline pre-foreclosure sales and deed-in-lieu requirements, and increased monetary incentives for borrowers to avoid foreclosure and/or eviction);
- Appendix 4.0 (FHA-HAMP Calculations), which provides calculations for the home retention options;
- Single Family Default Monitoring System reporting; and
- Claims requirements (to match the new loss mitigation options).
In addition, FHA extended existing COVID-19 Recovery Options to February 1, 2026 (set to expire April 30, 2025).
The Mortgagee Letter becomes effective February 2, 2026.
Click to view the FHA MOrtgagee Letter 2025-06: https://www.tenaco.com/wp-content/uploads/2025/01/FHA-Mortgagee-Letter-2025-06-01-16-25.pdf
Clik to view the FHA Info #2025-08: https://www.tenaco.com/wp-content/uploads/2025/01/FHA-Mortgagee-Letter-2025-06-01-16-25.pdf
