When autocomplete results are available use up and down arrows to review and enter to select.
The Federal Housing Administration posted two draft mortgagee letters on its Drafting Table for feedback:
Nonjudicial Foreclosure Process for Mortgages with Secretary-held Liens proposes policies and procedures for mortgagees to request that HUD release its secretary-held liens for all Title II Single Family forward mortgages following a nonjudicial foreclosure sale provided that the mortgagee complies with the requirements established in the ML.
Updates to Direct Endorsement Underwriter Eligibility Requirements proposes to eliminate the eligibility requirement that FHA-approved mortgagees employ direct endorsement underwriters on a full-time basis and to allow part-time DE underwriter employment.
Comments: Interested stakeholders can provide feedback until Monday, Nov. 25. Instructions for providing feedback are posted on the Drafting Table.