A coalition of six organizations representing mortgage companies and borrowers has sent a letter to the Federal Housing Administration (FHA), urging the extension of the current loss-mitigation waterfall to February 2026 while updates to the agency’s servicing handbook are discussed and implemented.

In late November, the FHA proposed updates to its permanent loss-mitigation options based on lessons learned from its temporary policies implemented during the COVID-19 pandemic. At the time, the FHA indicated it would give stakeholders an extension to the current April 30, 2025, deadline. 

“Because the draft handbook covers a broad range details ⇒

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