The new effective date for complying with FHA’s financial assessment guidelines is case numbers assigned on or after April 27, the U.S. Department of Housing and Urban Development announced this afternoon in Mortgagee Letter 2015-06.
“Due to a delay in delivery of certain system enhancements required to support the policies published in Mortgagee Letters 2014-21 and 2014-22, compliance with the financial assessment and property charge funding option requirements is now effective for HECM case numbers issued on or after April 27, 2015,” says ML 2015-06, which you can access by clicking here.
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