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FHA New Loss Mitigation Feedback

FHA New Loss Mitigation Feedback
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FHA Seeks Additional Feedback on New Loss Mitigation Option for Struggling Borrowers | Bradley Arant Boult Cummings LLP

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. ....

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Senior AARP Foundation attorney talks reverse mortgage monitoring, evolution

A senior AARP Foundation attorney describes HECM issues they're observing, following their entrance into a reverse mortgage lawsuit. ....

Chris Clow , Julie Nepveu , Reverse Mortgage Funding , Mortgagee Letter , Mortgage Letters , Mortgagee Letters ,

HUD Updates HECM Servicing Policies | Weiner Brodsky Kider PC

FHA recently published Mortgagee Letter (ML) 2023-23, updating Home Equity Conversion Mortgage (HECM) servicing policies. The updates include, but are not limited to - •. ....

Weiner Brodsky Kider , Mortgagee Letter , Home Equity Conversion Mortgage ,

MBA, NMSA suggest fixes to FHA's proposed loss mitigation option

Trade groups including the MBA and NMSA submitted a letter to FHA designed to improve its "payment supplement" loss mitigation proposal. ....

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