Federal Housing Administration (FHA)
Frequently Asked Questions
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Recent FHA-Single Family Mortgagee Letters
FHA Mortgagee Letter 13-15
Published: May 9, 2013
Subject: Updated Delinquency/Default Status Codes for the Single Family Default Monitoring System; Special Forbearances and Trial Payment Plans; New Reporting Requirement for Non-Incentivized Loan Modifications
Effective Dates: The requirements to report each non-incentivized loan modification and to use these codes for delinquencies, defaults, and trial payment plans are effective six months from the date of this Mortgagee Letter.
FHA Mortgagee Letter 13-14
Published: May 9, 2013
Subject: Minimum Cash Investment and Secondary Financing Requirements – Acceptable Documentation for Funds Provided by Federal, State, or Local Governments, their Agencies or Instrumentalities
Purpose: Mortgagee Letter 2013-14 sets forth the documentation mortgagees must provide to demonstrate eligibility for FHA mortgage insurance of loans when a Federal, State, or local government, its agency or instrumentality directly provides the borrower’s required Minimum Cash Investment in accordance with the principles set forth in the December 5, 2012 Interpretive Rule (“Interpretive Rule”), Docket No. FR-5679-N-01. Additionally, this ML also provides mortgagees with guidance on resolving concerns with extending secondary financing by the Federal, State, or local government, its agency or instrumentality when those entities provide the borrower’s required Minimum Cash Investment through secondary financing.
NOTE: This mortgagee letter addresses information previously provided in communication from FHA Commissioner Carol Galante. That communication is available via the following link: http://portal.hud.gov/hudportal/documents/huddoc?id=uphudrmincainvst.pdf
FHA Mortgagee Letter 13-12
Published: May 1, 2013
Subject: Lender Insurance Program
Purpose: Please be advised that Mortgagee Letter 13-10 and revised Lenders Insurance Guide published on April 10, 2013 and dated April 9, 2013 are superseded in their entirety. You are advised to replace Mortgagee Letter 13-10 with version Mortgagee Letter 13-12 and the revised guide as referenced in Mortgagee Letter 13-12 published and dated May 1, 2013.
To view these Mortgagee Letters in their entirety visit: http://bit.ly/HUDml.