The Federal Housing Administration (FHA) on Wednesday published a new proposed Mortgagee Letter (ML) that offers an early look at policies designed to expand contact options with mortgage borrowers who are in default.

Published on FHA’s Single Family Drafting Table — an online portal where proposed U.S. Department of Housing and Urban Development (HUD) single-family policies can be reviewed prior to going into full effect — the new “Modernization of Engagement with Borrowers in Default” document can be reviewed by stakeholders. FHA requests feedback by details ⇒

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