FHA Releases Servicing Handbook
On June 24, the Federal Housing Administration (FHA) published its final Servicing and Loss Mitigation (Servicing) for Title II Forward Mortgages and the Servicer Tier Ranking System II (TRS II) sections of its Single Family Housing Policy Handbook. The policies in these sections become effective on March 14, 2016, except the Default Servicing policies in Section III.A.2, which become effective for mortgages in default on or after March 14, 2016.
Single Family Housing Policy Handbook Now On Line
As of May, 18, 2015 users can access the online SF Handbook for free from the link provided on HUD’s Client Information Policy Systems (HUDCLIPS) web page. The online SF Handbook makes it easier for mortgagees and other stakeholders in FHA transactions to:
- Find precise policy information, with an organizational structure, searches and other features that allows users to go directly to the information they’re seeking.
- Compare current FHA Single Family Housing policy with future effective policy, and with policy and effective date notations that allow for easy comparisons.
- Share information among organizations and teams using enhanced features for emailing specific SF Handbook sections or subsections directly from content pages.
Please click here to view the HUD Single Family Housing Policy Handbook (HUD Handbook 4000.1) Information Page.
Please click here to view the Single Family Housing Policy Handbook [pdf]. NOTE: The Servicing and Loss Mitigation section begins on page 491.
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