The Federal Housing Administration this week announced updates to its Single Family Housing Policy Handbook 4000.1 that address servicing and loss mitigation. The updates include a revised loss mitigation home retention “waterfall,” which helps servicers quickly offer effective loss mitigation offers to borrowers, streamlined documentation requirements and a revised structure for certain allowable costs and fees that corresponds with fee structures used by other industry participants.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...