FHA issued a mortgagee letter announcing single family foreclosure policy and procedural changes for HUD title II forward mortgages and reverse mortgages. This mortgagee letter updates HUD’s reasonable diligence timeframes in 32 jurisdictions and provides guidance on judicial foreclosure of FHA-insured home loans in the District of Columbia.
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Fannie Mae issued Servicing Guide Announcement SVC-2024-06 (Announcement), setting forth updates to the Servicing Guide. Per the Announcement, Fannie Mae clarified requirements related to eMortgages.
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
Fannie Mae issued Selling Guide Announcement SEL-2024-07 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: Revisions related to leasehold estates
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