HUD issued Mortgagee Letter 2016-07. This Mortgagee Letter provides mortgagees with an optional extension to submitting a Due and Payable request where borrowers are behind on the payment of their property taxes and/or hazard insurance premium. This Mortgagee Letter also permits mortgagees to review, for permissive loss mitigation, HECM borrowers that were in foreclosure prior to the issuance of Mortgagee Letter 2015-11.
FHA
FHA Removes Loan Eligibility for Non-Permanent Residents
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
March 27, 2025
