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April 12, 2024
The foreclosure situation is not as serious as what we've seen in the past, since some mitigating circumstances are preventing a crisis.
April 10, 2024
In an effort to help struggling borrowers stay in their homes, the US Department of Housing and Urban Development’s (“HUD” or “Department”) Federal Housing Administration (“FHA”)...
January 5, 2024
On November 16, 2023, in response to comments received on a prior draft Mortgagee Letter (ML) related to a Proposed Payment Supplement Partial Claim, the Federal Housing Administration...
December 14, 2023
Trade groups including the MBA and NMSA submitted a letter to FHA designed to improve its "payment supplement" loss mitigation proposal.
July 19, 2022
In the latest Handbook 4000.1 Transmittal, FHA announced multiple updates that include, but are not limited to, the following highlights...
April 29, 2022
On April 18, 2022, FHA published Mortgagee Letter (ML) 2022-07, adding the option for a loan modification with a 40-year term that must be used together with a partial claim...