FHA INFO #15-84: FHA Single Family Mortgage Insurance Maximum Time Period for Filing Insurance Claims
October 16, 2015
FHA Single Family Mortgage Insurance Maximum Time Period for Filing Insurance Claims, etc.
Today, the Federal Housing Administration (FHA) published Federal Register Notice Docket No. FR-5742-N-02, Federal Housing Administration (FHA): Single Family Mortgage Insurance Maximum Time Period for Filing Insurance Claims, Curtailment of Interest and Disallowance of Operating Expenses Incurred beyond Certain Established Timeframes; Partial Withdrawal.
This Notice withdraws part of the proposed rule, published on July 6, 2015 (80 FR 38410), that proposed to establish a maximum time period within which an FHA-approved mortgagee must file a claim with FHA for insurance benefits, and to revise HUD’s policies concerning the curtailment of interest and the disallowance of certain expenses incurred by a mortgagee as a result of the mortgagee’s failure to timely initiate foreclosure or timely take such other action that is a prerequisite to submission of a claim for insurance.
This withdrawal covers only the portion of the proposed rule that would have established the maximum time period within which an FHA-approved mortgagee must file a claim with FHA for insurance benefits. Specifically, HUD withdraws the proposed provisions §§ 203.317a and 203.372, and proposed revision to § 203.318. HUD will publish in the Federal Register any revised maximum time period for claim filing provisions in a proposed rule and solicit public comment on it.
- View Docket No. FR-5742-N-02 at: http://federalregister.gov/a/2015-26379
- View archived Federal Register Notices at:
Extension of Certain Timeframes in Mortgagee Letter 2015-11
Today, the Federal Housing Administration (FHA) issued Mortgagee Letter 2015-26, Extension of Certain Timeframes in Mortgagee Letter 2015-11, Loss Mitigation Guidance for Home Equity Conversion Mortgages (HECMs) in Default due to Unpaid Property Charges. The purpose of this Mortgagee Letter (ML) is to provide mortgagees with an extension through January 18, 2016 to the timeframes provided in ML 2015-11 to submit a due and payable request and to the timeframe to take First Legal Action where the mortgagee is actively reviewing the borrower for loss mitigation in accordance with ML 2015-11.
All other provisions in Mortgagee Letter 2015-11 became effective April 23, 2015, and remain in effect.
- View Mortgagee Letter 2015-26 and other archived Mortgagee Letters at:
FHA’s Position on the Implementation of the Consumer Financial Protection Bureau’s, “Know Before You Owe,” TILA -RESPA Integrated Disclosure (TRID) rule
Today, the Federal Housing Administration (FHA) announced that it is providing mortgagees and other interested stakeholders with information on its position on the implementation of the Consumer Financial Protection Bureau’s (CFPB), “Know Before You Owe,” TILA-RESPA Integrated Disclosure (TRID) rule. This information is located on the Lender Performance web page on HUD.gov.
- View the Lender Performance web page at:
- Contact the FHA Resource Center:
- Visit our online knowledge base to obtain answers to frequently asked questions 24/7 at www.hud.gov/answers.
- E-mail the FHA Resource Center at email@example.com. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
- Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Information Relay Service at 1-800-877-8339.
Source: HUD (FHA INFO #15-84 full version)