RHS issued a waiver (under the Single Family Housing Guaranteed Loan Program) allowing servicers to remove the 55% debt-to-income ratio and 31% housing ratio limitations from the requirements in the regulation for the Stand-Alone Mortgage Recovery Advance (specifically, 7 CFR Part 3555.304(b)(1) and 7 CFR Part 3555.304(d)(2)). The waiver is in effect until rescinded or a permanent policy change is made adjusting the requirements.
Click to view the RHS SFH Guaranteed Servicing Notice: https://www.tenaco.com/wp-content/uploads/2024/02/RHS-SFH-Guaranteed-Servicing-Notice-02-14-24.pdf
