FHA issued Mortgagee Letter 2023-02, extending the availability of, and expanding, COVID-19 recovery loss mitigation options. Per the Mortgagee Letter, FHA: Extended the COVID-19 Recovery
FHA issued Mortgagee Letter 2023-01, announcing updated instructions for modifying Fannie Mae and Freddie Mac’s (GSE’s) single family mortgage model documents. On July 7, 2021,
FHA published an update to the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update includes revisions and additional clarifications to various FHA policies
FHA issued a partial waiver extending the face-to-face interview requirement for borrowers in default. The partial waiver allows lenders and servicers to continue to utilize
FHA issued Mortgagee Letter 2022-22, revising dual employment requirements and clarifying other conflict of interest policies. Per the Mortgagee Letter, FHA is permitting individuals that
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 a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
Tennessee passed a bill increasing the permissible interest rate for closed-end loans under the Industrial Loan and Thrift Companies Act (ILTCA). Under the bill, the
Utah passed a bill amending the Residential Mortgage Practices and Licensing Act (RMPLA) with respect to the use of prescreened trigger lead information. Under the
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