On October 22, FHA INFO 20-77 announced the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-36, FHA New Construction Requirements. This guidance updates the requirements for New Construction financing for Title II Single Family forward mortgages in alignment with the regulatory amendments announced in the 2018 Final Rules that streamlined inspection and warranty requirements.
On October 21, FHA INFO 20-76 announced the FHA published Mortgagee Letter (ML) 2020-35, FHA Catalyst: Single Family Origination Module ā Automated Underwriting System (AUS), announcing the first FHA-specific automated underwriting system, which is now available on the new FHA Catalyst: Single Family Loan Origination Module.
On October 20, FHA INFO 20-75 announced the FHA published Mortgagee Letter (ML) 2020-34, Update to the Date for Approving a COVID-19 Forbearance or COVID-19 Home Equity Conversion Mortgage (HECM) Extension.
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