FHA’s Temporary Regulatory and Handbook Waivers Extended

FHA recently published a further extension of its temporary regulatory and Single Family Housing Policy Handbook 4000.1 waivers allowing mortgagees to utilize alternative methods for conducting face-to-face interviews with borrowers in accordance with FHA’s early default intervention requirements.  These partial waivers were initially issued on March 13, 2020, and previously extended through May 31, 2024. With this new extension, the waivers are now effective through January 1, 2025, unless the final rule amending 24 CFR 203.604 (Modernization of Engagement with Mortgagors in Default) and a Mortgagee Letter or Handbook 4000.1 update amending Section III.A.2.H.xii. becomes effective sooner.  WBK previously covered the proposed rule here.