Fannie Mae issued Lender Letter LL-2017-08, introducing a new imminent default evaluation process for conventional mortgage loan modifications. Developed jointly with Freddie Mac (at the direction of the Federal Housing Finance Agency), the new imminent default evaluation process replaces Freddie Mac’s current Imminent Default Indicator model with a simplified process for determining eligibility for a conventional mortgage loan modification. Servicers must use the new imminent default evaluation on and after July 1, 2018 (however, servicers are encouraged to implement the new evaluation as early as February 1, 2018).
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
