FHA INFO 2023-60: FHA Publishes Proposed Rule to Modernize Engagement with Borrowers in Default

August 01, 2023

The Federal Housing Administration (FHA) published the proposed rule to the Modernization of Engagement with Mortgagors in Default to update the Department of Housing and Urban Development’s (HUD) current regulation (24 CFR 203.604) that requires mortgagees to meet in person with borrowers who are in default on their mortgage payments.

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