FHA / HUD Mortgagee Letter Resource Page

hud-logoThe U.S. Department of Housing and Urban Development (HUD) releases updates (Mortgagee Letters) periodically that address underwriting guidelines, policy changes and mortgage news that affect FHA loan programs.

This FHA Mortgagee Letter resource page is an aggregation of related commentary articles, new press releases and links to official government sites.

_____________________

Official Links:

_____________________

Recent Mortgagee Letters:

Document Number Title
09-53 Real Estate Settlement Procedures Act (RESPA) and FHA Related Policies
4155.2 Property Valuation and Appraisals
4155.1 Special Underwriting
09-52 Short Sales and Short Pay Offs
09-51 Adoption of the Appraisal Update and/or Completion Report (Fannie Mae Form 1004D/Freddie Mac Form 442/March 2005)
09-50 2010 FHA Maximum Loan Limits

- Attachment I – At Ceiling and Above
- Attachment II – Between the Floor and Ceiling
09-49 Home Equity Conversion Mortgage Program: Subordinate Liens
09-48 Second Appraisal Reporting Requirements
09-47 Home Equity Conversion Mortgage (HECM) Counseling Standardization and Roster Final Rule
09-46a Temporary Guidance for Condominium Policy
09-46b Condominium Approval Process for Single Family Housing
09-45 Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System
09-44 Home Equity Conversion Mortgage (HECM) Program — Clarification of Debenture Interest Calculation for HECM Claim Type 21; Claim Filing Instructions for HECM Claim Types 21 and 24

  • Claim Type 21 – Filing Instructions
  • Claim Type 24 – Filing Instructions
    • 09-43 HOPE for Homeowners Program – Comprehensive Guidance

  • Exhibit A
  • Exhibit B
  • Exhibit C
  • Exhibit D
    		•
    09-42 Sub-Servicing of FHA-insured Mortgages
    09-41 Appraisal performance standards and sanctions
    09-40 Policy and Procedures on Multifamily Mortgage Insurance Applications Involving Master Lease Structuring to facilitate the use of Tax Credits
    09-39 Updated Claim Filing and Delinquency/Default Reporting Requirements For FHA’s Making Home Affordable Modification Program (FHA-HAMP)

  • Appendix 1 – Delinquency/Default Status Codes
  • Appendix 2 – Delinquency/Default Reason Codes
  • Appendix 3 – Claim Filing Assistance for Loss Mitigation Claims
    • 09-38 Update on Eligibility Requirements for Nonprofit Instrumentalities (115 Waiver)
    09-37 Flood Zone Requirements and Responsibilities of FHA Mortgagees and Appraisers
    09-36 Revised Eligibility
    09-35 Loan Modification
    09-34 Home Equity Conversion Mortgage (HECM) – Principal Limit Factors
    09-33 Annual Base City High Cost Percentage Revisions effective January 1, 2009
    09-32 Revised Streamline Refinance Transactions
    09-31 Strengthening Counterparty Risk Management
    09-30 Appraisal Validity Periods
    09-29 Appraisal Portability
    09-28 Appraiser Independence
    09-27 Multifamily Housing Accelerated Processing Guide: Chapter 9, Environmental Review
    09-26 Eligibility of Projects for Mortgage Insurance where Construction has Started
    09-25 Electronic Annual Certification to Replace Title II Yearly Verification Report

    – Attachment

    09-24 Housing Tax Credit Coordination Act of 2008
    09-23 Making Home Affordable Program: FHA’s Home Affordable Modification Loss Mitigation Option

    – Attachment – Guidelines for FHA-HAMP
    09-22 Revised Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the Three-Year Rule for Section 223(f) Apartments
    09-21 Home Equity Conversion Mortgage Refinancing of Existing Loans
    09-20 Processing Pre-Application Firm Invitation and Firm Commitment Extension Requests
    09-19 Condominium Approval Process – Single Family Housing
    09-18 Energy Efficient Mortgages – Increase in the Dollar Amount of Energy Efficient Improvements Energy Efficient Mortgages – Increase in the Dollar Amount of Energy Efficient Improvements
    09-17 Accuracy of Lender Data for FHA-approved Mortgagees
    09-16 Manufactured Housing Policy Guidance – Property and Underwriting Eligibility
    09-15 Using First-Time Homebuyer Tax Credits for the Downpayment Attachments

    - IRS Form 5405
    - IRS Tax Credit Summary
    09-14 Online Versions of Handbooks 4155.1, Mortgage Credit Analysis for Mortgage Insurance; and 4155.2, Lenders’ Guide to Single Family Mortgage Insurance Processing
    09-13 Guidance on FHA Model Mortgage Form for New Mexico
    09-12 Mortgagee Monitoring
    09-11 Final HECM for Purchase Program
    - Attachment
    09-10 Home Equity Conversion Mortgage Program: Clarification of Home Equity Conversion Mortgage Counseling Issues
    09-09 Adoption of Market Conditions Addendum (Fannie Mae Form 1004MC/Freddie Mac Form 71) and Appraisal Reporting Requirements for Properties located in Declining Markets (PDF) (Word)
    09-08 Limits on Cash-Out Refinances
    09-07 Loan Limit Increases for FHA

    - Attachment I – Counties at the Ceiling
    - Attachment II – Counties Between the Floor and Ceiling
    09-06 Temporary Authority for Multifamily Hubs to Process Waiver Requests Pertaining to the Three-Year Rule for Section 223(f)
    09-05 Project Lifeline Initiative’s Impact on FHA’s Foreclosure Time Frames
    09-04 Tier Ranking Scores – Incentive Round 34
    09-03 HOPE for Homeowners Origination and Servicing Guidance Supplement (superseded by 09-43)

    - Attachment 1 – Shared Appreciation Note
    - Attachment 2 – Model H4H Pre-Endorsement
    - Attachment 3 – Shared Equity Note
    - Attachment 4 – FHA HOPE for Homeowners Attachment to FHA Loan Underwriting and Transmittal Summary
    - Attachment 5 – HOPE for Homeowners Consumer Disclosure and Certification Form
    - Attachment 6 – HOPE for Homeowners Certification
    - Attachment 7 – Appreciation Worksheet
    09-02 Co-branded Outreach Materials
    09-01 Annual Renewal Of FHA Approval