The Federal Housing Administration (FHA) on Wednesday published Mortgagee Letter (ML) 2024-24, which implements guidance first floated this past summer to open up communications between mortgage lenders and defaulted borrowers to remote and electronic methods.

This is designed to broaden the ways for borrowers to meet with lenders following the success of remote communications on housing issues during the COVID-19 pandemic.

The ML “updates the requirements for mortgagees to meet with borrowers in default” while also allowing lenders “to satisfy the meeting requirement by giving them the ability to use alternative communication methods to details ⇒

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