FHA issued a mortgagee letter updating preservation and protection requirements and cost reimbursement procedures for title II forward mortgages and HECMs. This mortgagee letter: consolidates and updates property preservation and protection (P&P) guidance for properties securing FHA-insured mortgages; increases the maximum property preservation allowance and adds, clarifies, and increases other line items; emphasizes FHA’s current conveyance condition standards; reminds mortgagees of FHA’s inspection requirements; and details claims calculation and documentation requirements for property P&P actions.
CFPB
CFPB Amends Fair Credit Reporting Act with respect to Medical Information
The CFPB adopted rules amending the Fair Credit Reporting Act (FCRA) with respect to medical information. Per the rule adoption, the CFPB removed an exception
January 16, 2025
