FHA issued Mortgagee Letter 2016-05 providing additional guidance related to Mortgagee Optional Election (MOE) assignments. This Mortgagee Letter provides mortgagees with instructions on requesting an extension of time where factors prevent the timely securing of a right to remain by a non-borrowing spouse and result in the mortgagee’s inability to complete the mortgagee’s assessment following the mortgagee’s MOE assignment election. In addition, this Mortgagee Letter provides alternative certification language for states in which state-specific law prevents the mortgagee from truthfully certifying to 2 of the statements set forth in the mortgagee certification.
FHA
FHA Revises and Streamlines Policy Established in Mortgagee Letters 2024-24 and 2025-12
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
June 4, 2025
