Freddie Mac introduced the CHOICEHome pilot program. CHOICEHome is a new type of manufactured home with features comparable to site-built homes. Under the pilot program, lenders may utilize Freddie Mac’s construction conversion loans, and Home Possible and HomeOne mortgages to finance a CHOICEHome. In addition, Freddie Mac permits the use of site-built homes as comparable sales on an appraisal when there are no CHOICEHome sales available. The CHOICEHome pilot program is effective immediately.
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
