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On July 12, FHA INFO 2022-71 announced the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2022-11, Revised Appraisal Validity Periods. Modifications to the appraisal-related functionality in FHA Connection (FHAC) will also be implemented. For all case numbers assigned on or after September 6, 2022, the Appraisal Effective Date field on the FHAC Appraisal Logging screen will no longer be editable. Appraisal Logging for this field is automatically pre-filled with the information submitted from the electronic appraisal report. 

 

On July 7, FHA INFO 2022-69 announced the FHA published Mortgagee Letter (ML) 2022-09Calculating Effective Income after a Reduction or Loss of Income for Borrowers Affected by Presidentially-Declared COVID-19 National Emergency.

 

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