FHA added a new COVID-19 Home Equity Conversion Mortgage (HECM) property charge repayment plan option to assist senior homeowners who are behind on property charge
FHA extended the temporary partial waivers issued for Mortgagee Letter 2015-11 and Mortgagee Letter 2016-07. The temporary partial waiver for Mortgagee Letter 2015-11 allows mortgagees
FHA issued FHA Mortgagee Letter 2022-19 rescinding the mandatory use date for the FHA Catalyst: Electronic Appraisal Delivery (EAD) module. Per the Mortgagee Letter, FHA
FHA adopted a rule permitting private flood insurance for FHA-insured mortgages. Per the rule adoption, FHA will now allow borrowers the option to purchase a
FHA issued Mortgagee Letter 2022-17, updating TOTAL Mortgage Scorecard to allow for utilization of positive rental payment history as a credit risk assessment for first
FHA issued FHA Info #2022-81 pausing the completion and integration for the FHA Catalyst: Electronic Appraisal Delivery (EAD) module. Per the update, FHA is pausing
FHA issued Mortgagee Letter 2022-15, updating a Home Equity Conversion Mortgage (HECM) program requirement for Notice of Due and Payable status. Per the Mortgagee Letter,
FHA issued Mortgagee Letter 2022-14, requiring a Unique Entity Identifier (UEI) for FHA approved lenders, mortgagees and institutions seeking FHA approval as part of their
FHA issued Mortgagee Letter 2022-11, updating the initial appraisal validity period and extending the appraisal update validity period. Per the Mortgagee Letter, FHA, for origination,
FHA issued Mortgagee Letter 2022-09, updating the effective income calculation with respect to a COVID-19 related economic event. Per the Mortgagee Letter, FHA updated the
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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