The Federal Housing Administration (FHA) has extended the timeline for mortgage servicers to comply with the new loss-mitigation waterfall, according to a mortgagee letter issued Wednesday.

While the provisions may be implemented by Oct. 1, they must be fully in place no later than Dec. 30, 2025, according to the letter signed by Frank Cassidy, the principal deputy assistant secretary at the U.S. Department of Housing and Urban Development (HUD).

The letter also introduces “minor changes” to facilitate implementation of servicing and loss-mitigation requirements, aligning the updates with broader goals of supporting homeownership and safeguarding HUD’s Mutual Mortgage Insurance Fund details ⇒

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