New FHA Mortgagee Letter:

U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WASHINGTON, D.C. 20410-8000

OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER

January 22, 2010

MORTGAGEE LETTER 2010-04

TO: ALL FHA-APPROVED MORTGAGEES

ALL HUD-APPROVED HOUSING COUNSELING AGENCIES

SUBJECT: Loss Mitigation for Imminent Default

The Helping Families Save Their Home Act of 2009 expanded the authority to use FHA Loss Mitigation to assist defaulted FHA borrowers avoid foreclosure to include those mortgagors facing ”imminent default” as defined by the Secretary. The purpose of this Mortgagee Letter is to define imminent default and provide guidance to FHA-Approved servicers on how to assist those FHA borrowers. At this time FHA is limiting the loss mitigation options that may be used to assist borrowers facing imminent default to forbearance and FHA-HAMP. The guidance provided in this Mortgagee Letter is effective immediately…

To read this mortgagee letters and any attachments in their entirety, please visit: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ view the 2010 letters and click on the letter of your choice. Mortgagee Letters from previous years can be found on the same page.

October 27, 2009

MORTGAGEE LETTER 2009-45

TO: ALL FHA-APPROVED MORTGAGEES, ALL HUD-APPROVED HOUSING COUNSELING AGENCIES

ATTENTION: Single Family Servicing Managers

SUBJECT: Introduction of HUD’s Web-Based Training Application: Electronic Class (EClass) on Loss Mitigation and Servicing System

The purpose of this Mortgagee Letter is to announce that the Department’s on-line, web-based training application, EClass, is now available. The EClass System will provide additional training on FHA’s Loss Mitigation Programs, including FHA’s Home Affordable Modification Program (FHA-HAMP), as well as continuing education on issues that have generated the most industry questions and requests for further training. It is our expectation that servicers will fully utilize the training to ensure that they are well-informed of FHA’s Loss Mitigation policies and procedures…

To read this mortgagee letter and any attachments in their entirety, please visit: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ view the 2009 letters and click on the letter of your choice. An index of FHA Mortgagee Letters from previous years can be found on the same page.

AND

Southern California Foreclosure Counselor Forum:

November 13, 2009 – Costa Mesa, CA. Southern California Foreclosure Counselor Forum. A Peer to Peer Forum for HUD Approved Counseling Agencies. Sponsored by OCHOPC, HUD & NeighborWorks®. Learn about best practices, successful strategies & challenges in helping borrowers resolve delinquent mortgage situations, improve program results, loan modification programs & submission methods, an update from the National Foreclosure Mitigation & Counseling program (NFMC), & attend a roundtable discussion on mitigating the effects of being a foreclosure counselor & managing a foreclosure program. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/events/sca111309.pdf

Source: HUD

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