FHA issued a mortgagee letter announcing single family foreclosure policy and procedural changes for HUD title II forward mortgages and reverse mortgages. This mortgagee letter updates HUD’s reasonable diligence timeframes in 32 jurisdictions and provides guidance on judicial foreclosure of FHA-insured home loans in the District of Columbia.
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VA issued Circular 26-24-08 to offer a 40-Year Loan Modification option to assist borrowers in reaching an affordable payment in the current environment of rising
Freddie Mac issued Bulletin 2024-05 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated Exhibit 93 (Evaluation Notices) to remove
VA revised chapter 9 of the Servicer’s Handbook (M26-4). Chapter 9 was retitled from “Refunds” to “VA Purchase”. Sections 9.01 and 9.02 were also updated
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