FHA extended the compliance date for portions of the Modernization of Engagement with Mortgagors in Default Final Rule. In August, 2024, FHA adopted the Modernization
FHA issued Mortgagee Letter 2024-20 implementing Federal Flood Risk Management Standards for new construction properties located in Special Flood Hazard Areas. On April 23, 2024,
FHA issued Mortgagee Letter 2024-19 requiring the electronic submission of the Section 247 Hawaiian Home Lands assignment package to HUD. Per the Mortgagee Letter, the
FHA issued a temporary policy waiver waiving the need for separate 14-day waiting periods for inspection and damage reports for properties in overlapping Presidentially-Declared Major
FHA issued a temporary policy waiver waiving the 15 day occupancy provision for Limited 203(k) loans secured by properties in Presidentially-Declared Major Disaster Areas (PDMDAs)
FHA adopted a rule amending housing counseling agency communication methods. Per the rule adoption, participating agencies may provide housing counseling services at a facility or
FHA issued Mortgagee Letter 2024-18, updating debenture interest rates used for the payment of debenture interest for Home Equity Conversion Mortgage (HECM) claims and establishing
Freddie Mac, Fannie Mae and FHA issued Bulletin 2024-F (Bulletin), a Selling Notice (Notice), and Mortgagee Letter (ML) 2024-16 (respectively) updating the effective date for
FHA adopted a rule permitting electronic and other remote methods of communication with borrowers in default. FHA’s regulations require mortgage lenders and servicers to meet
FHA issued Mortgagee Letter 2024-03, updating Section 203(k) Rehabilitation Mortgage Program. Per the Mortgagee Letter (ML), FHA: The provisions of this ML are effective for
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