Compliance Calendar

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Subject - Modernization of Engagement with Borrowers in Default

Purpose - This Mortgagee Letter (ML) modernizes requirements for a Loss Mitigation Consultation with Borrowers in default

Effective Dates - The provisions of this ML must be implemented on January 1, 2025. This ML includes alternative interim procedures for Engaging Borrowers in
Default that may be utilized between January 1, 2025, through June 30, 2025.

Affected Programs - The provisions of this ML apply to all FHA-insured Title II Single Family forward mortgage programs.

Summary of Changes -

This ML:
• provides alternative interim procedures to conduct a loss mitigation interview with a Borrower in Default;
• updates Prohibited Fees and Charges (III.A.1.f.ii(B));
• updates Collection Communication Timeline – Standard (III.A.2.h.iii(B));
• updates Communication Methods (III.A.2.h.iv);
• replaces Face-to-Face Interviews with Loss Mitigation Consultation (III.A.2.h.xii);
• renames Section 247 Assignments (III.A.3.c.ii) and updates Standard (III.A.3.c.ii(A));
• updates Insured Mortgages on Indian Land (Section 248 Mortgages) (III.A.3.d); and
• updates Submission of Claim Form Parts to HUD for Hawaiian Home Lands Mortgages (IV.A.2.b.i(C)).

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Purpose - This Title I Letter announces the adoption of the Uniform Residential Loan Application (URLA) for Title I Loan programs and introduces the implementation of form HUD-92900-TI, HUD Addendum to Uniform Residential Loan Application for Title I Loans.

Effective Date - The provisions of this Letter may be implemented immediately but must be implemented for FHA case numbers assigned on or after 120 days from the
date of this Letter.

All updates will be incorporated into a forthcoming update of the HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook (Handbook 4000.1).

Affected Programs - The provisions of this Letter apply to the Title I Property Improvement and Manufactured Home Loan programs.

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Appendix 8.0 – FHA Defect Taxonomy (Defect Taxonomy) has revised introductory sections and new content focused on Title II servicing loan reviews that are effective for loan reviews initiated on or after Wednesday, January 15th, 2025.

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