FHA Readies New Delinquency Reporting Requirements

September 2006
Mortgage Servicing News;Sep2006, Vol. 10 Issue 8, p14
The article reports on the preparation of the U.S. Federal Housing Administration (FHA) to unveil its new default reporting requirements. The details of the plan are described in the Department of Housing and Urban Development's mortgage letter that was sent and approved by the FHA lenders in June 2006. The changes mentioned include new codes for state and reason of default and the new rules require lenders to report for 30-day and 60-day delinquencies.


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