Draft of New Mortgagee Letter Published by FHA
On May 31, 2023, the Federal Housing Administration, FHA, published a draft Mortgagee Letter titled Proposed Payment Supplement Partial Claim. The draft ML proposes use of available partial claims funds to create a new loss mitigation option to assist struggling borrowers.
United States United States Department Of Housing Housing Administration Federal Housing Administration Mortgagee Letter Payment Supplement Partial Claim
Source: natlawreview.com