FHA updated the Single Family Housing Policy Handbook (SF Handbook 4000.1). The update contains technical changes for consistency and clarity, and several policy updates. All
FHA issued guidance on the use of third party verification (TPV) services to verify a borrower’s employment, income and asset information. FHA currently allows electronic
FHA adopted rules removing the 10-year protection plan requirement for certain mortgages on newly constructed single family homes. A borrower must currently purchase a 10-year
FHA issued Mortgagee Letter 2018-08, updating guidance on Home Equity Conversion Mortgage (HECM) Claim Type 22 assignment requests. The Mortgagee Letter outlines the documentation and
FHA issued a waiver regarding the timeframe for completing damage inspections in presidentially-declared disaster areas in California. FHA currently requires that all properties with pending
FHA issued Mortgagee Letter 2018-06, setting forth amended appraisal requirements for Home Equity Conversion Mortgages (HECMs). Per the Mortgagee Letter, FHA will perform a collateral
FHA issued a waiver regarding the timeframe for completing damage inspections in presidentially-declared disaster areas in Hawaii. FHA currently requires that all properties with pending
FHA issued Mortgagee Letter 2018-05, revising the order of the Loss Mitigation waterfall for borrowers affected Hurricane Maria. Per the Mortgagee Letter, FHA moved the
FHA extended the HECM foreclosure moratorium for properties located in Puerto Rico and the Virgin Islands affected by Hurricane Maria. The foreclosure moratorium is extended
FHA eliminated regulations with respect to the Inspector Roster (Roster). The Roster is a list of inspectors approved by FHA as eligible to determine whether
Fannie Mae issued Selling Guide Announcement SEL-2025-02 (Announcement), setting forth updates to the Selling Guide. Per the Announcement, Fannie Mae is integrating Condo Project Manager
Fannie Mae revised the West Virginia Security Instrument Form (Form 3049). The revision updates paragraph 1 (pertaining to payment of principal, interest, escrow items, prepayment
Freddie Mac issued Bulletin 2025-4 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac introduced the Freddie Mac Income Calculator, designed
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