At the tail end of the Biden administration, the Federal Housing Administration (FHA) published Mortgagee Letter 2025-06, which was tilted Updates to Servicing, Loss Mitigation, and Claims. The 251-page mortgagee letter...more
4/18/2025
/ Biden Administration ,
Borrowers ,
Coronavirus/COVID-19 ,
FHA Loans ,
HUD ,
Loss Mitigation ,
Mortgage Servicers ,
Mortgagee Letters ,
New Regulations ,
Regulatory Agenda ,
Regulatory Reform
On January 7, 2025, the Federal Housing Administration (FHA) officially revised its Defect Taxonomy (Final Defect Taxonomy) with the publication of Mortgagee Letter (ML) 2025-01 and the related attachment detailing those...more
1/17/2025
/ Compliance ,
Federal Housing Administration (FHA) ,
HUD ,
Loss Mitigation ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgages ,
Policies and Procedures ,
Regulatory Requirements ,
Risk Management ,
Underwriting
Over the past month, the Federal Housing Administration (FHA) has enacted and proposed several changes to its Defect Taxonomy. The Defect Taxonomy is contained in Appendix 8 to FHA Handbook 4000.1. The Defect Taxonomy was...more
8/6/2024
/ Accounting Standards ,
Clerical Errors ,
Default ,
Defect ,
Delinquent Borrowers ,
Disclosure Requirements ,
Documentation ,
Fair Housing Act (FHA) ,
Fraud ,
HUD ,
Loss Mitigation ,
Misrepresentation ,
Mortgage Loan Originators ,
Mortgage Servicers ,
Mortgagee Letters ,
Reporting Requirements ,
Taxonomy ,
Third Party Lenders ,
Underwriting
Following a long wait, the U.S. Department of Housing and Urban Development (HUD) published a revised version of the Fair Housing Administration’s (FHA) handbook governing the origination and servicing of FHA loan products,...more