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
RHS updated chapter 18 of the Single Family Housing Guaranteed Loan Program Technical Handbook (HB-1-3555). Per the update, RHS clarified that a borrower must be
Fannie Mae issued a notice (Notice) announcing a new non-routine litigation reporting requirement with respect to New York’s Foreclosure Abuse Prevention Act. Per the notice,
New York passed a bill requiring an “availability of loan counseling disclosure” (Disclosure) be provided for loans guaranteed under the Servicemen’s Readjustment Act of 1944.
VA issued Circulars 26-23-03, Change 1 and 26-23-04, Change 1 (Circulars), adjusting the effective date of Circulars 26-23-03 and 26-23-04. Per the Circulars, VA adjusted
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
Freddie Mac issued Bulletin 2023-3 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac: Eliminated the minimum contingency reserve requirement for
Fannie Mae issued Selling Guide Announcement SEL-2023-01 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae: updated eligibility requirements for cash-out
Fannie Mae revised the Virginia Security Instrument Form (Form 3047). The revision to the Virginia Security Instrument removes the consideration amount and property value information
Fannie Mae corrected the Allowable Foreclosure Attorney Fees Exhibit. The correction to the Allowable Foreclosure Attorney Fees Exhibit corrects the Louisiana judicial foreclosure fee from
FHA issued Title I Letter (TIL) TIL-489, adopting the Uniform Residential Loan Application (URLA) for the Title I loan programs. Per the TIL, FHA replaced
FHA issued Mortgagee Letter 2025-01, updating Defect Taxonomy to include Servicing Loan Reviews. Per the Mortgagee Letter (ML), FHA updated the Single Family Housing Policy
RHS adopted rules amending manufactured housing provisions under the Single Family Housing Guaranteed Loan Program. The adopted rules: The final rule is effective March 4,
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