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ABA: The American Bankers Association
Compliance News

FHA Seeking Comments on Loss Mitigation-Related Revisions to Policy Manual

The Federal Housing Administration has posted for public comment proposed revisions to the servicing and loss mitigation section of its Single Family Housing Policy Handbook. The revisions include proposed updates and policy clarifications that address changes to FHA’s loss mitigation waterfall, align requirements with industry standards and streamline documentation requirements and processes. Comments on the proposed revisions will be due on Sept. 12. For more information, contact ABA’s Sharon Whitaker.