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:
FHA issued Mortgagee Letter 2024-24 modernizing requirements for a loss mitigation consultation with borrowers in default. On August 2, 2024, FHA adopted a rule modifying
VA issued Circular 26-24-16 clarifying the implementation date for the recently released guidance regarding the Home Retention Waterfall and other loss mitigation options outlined in
VA revised chapter 5 of the Servicer’s Handbook (M26-4). Sections 5.01, 5.02, 5.03, 5.04, 5.05, 5.07 and 5.10 were updated as follows: The revisions are
FHA issued Mortgagee Letter 2023-03, correcting and republishing expansion of COVID-19 recovery loss mitigation options Mortgagee Letter 2023-02. Per this Mortgagee Letter, FHA made 3
FHA issued Mortgagee Letter 2022-07, adding a 40-year loan modification with partial claim as a COVID-19 Recovery Loss Mitigation Option (COVID-19 Recovery Option). Per the
VA issued Circular 26-19-24, updating requirements with respect to loss mitigation letters sent to borrowers. Per the Circular, VA updated language that must be included
FHA issued Mortgagee Letter 2019-14, updating loss mitigation procedures for borrowers whose home or place of employment is located in a presidentially-declared major disaster area
FHA issued Mortgagee Letter 2018-05, revising the order of the Loss Mitigation waterfall for borrowers affected Hurricane Maria. Per the Mortgagee Letter, FHA moved the
The US Department of Treasury, the US Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) released a joint paper
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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