The following policy drafts are posted for review and feedback:

Draft Single Family Handbook Policy: Equity Saver Sale Policy

On January 16, 2025, FHA INFO 2024-08 announced that FHA is seeking additional feedback on the Equity Saver Sale (ESS) Home Disposition Option. The original draft loss mitigation waterfall policy posted on the Single Family Drafting Table on November 25, 2024 included the addition of the ESS. After careful consideration of feedback from stakeholders, the ESS was not included in the final ML 2025-06 published on January 16, 2025. FHA believes the ESS would be a valuable tool as it is intended to provide borrowers with a marketing period prior to foreclosure to complete a voluntary sale and retain net equity proceeds.

To facilitate FHA's review and analysis of feedback, interested stakeholders are encouraged to thoroughly review the content of the draft and use the Feedback Response Worksheet through March 17, 2025:

• View the draft Equity Saver Sale policy content beginning on page 96

  NOTE: Internal links to sections not included in these draft sections do not currently work but will when this update is merged into Handbook 4000.1 in entirety.

• Download the Feedback Response Worksheet and your feedback to the worksheet
• Email the completed worksheet to sffeedback@hud.gov

Draft Mortgagee letter - Partial Claim Document Recording and Payoff Statements

On January 8, 2025, FHA INFO 2025-02 announced the posting of Draft Mortgagee (ML) Letter, Partial Claim Document Recording and Payoff Statements.

To facilitate FHA's review and analysis of feedback, interested stakeholders are encouraged to thoroughly review the content of the draft ML and use the feedback Response Worksheet through March 10, 2025:

• View the draft ML, Partial Claim Document Recording and Payoff Statements
• Download the Feedback Response Worksheet and your feedback to the worksheet
• Email the completed worksheet to sffeedback@hud.gov

Draft Mortgagee Letter: Establishment of the Optional Reimbursement Claim Alternative Option (ORCA)

On December 19, 2024, FHA INFO 2024-90 announced the posting of Draft Mortgagee (ML) Letter, Establishment of the Optional Reimbursement Claim Alternative Option (ORCA).

To facilitate FHA's review and analysis of feedback, interested stakeholders are encouraged to thoroughly review the content of the draft ML and use the feedback Response Worksheet through March 3, 2025:

• View the draft ML, Establishment of the Optional Reimbursement Claim Alternative Option (ORCA)
• Download the Feedback Response Worksheet and your feedback to the worksheet
• Email the completed worksheet to sffeedback@hud.gov