| HUD ML 2003-19 Partial Claims: Program Changes and Updates ML 2003-20 |
| Monday, 01 December 2003 | |
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Please see the following Mortgagee Letters released from HUD. U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT November 20, 2003 MORTGAGEE LETTER 2003-19 TO: ALL APPROVED MORTGAGEES ATTENTION: Single Family Servicing Managers SUBJECT: Partial Claims: Program Changes and Updates The purpose of this Mortgagee Letter is to remind mortgagees of the proper use of the partial claim as a loss mitigation tool for defaulted FHA mortgagors, and to introduce several changes in the partial claim program which include... Launch hudclips.org web page: MORTGAGEE LETTER 2003-22 U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT MORTGAGEE LETTER 2003-20 TO: ALL APPROVED MORTGAGEES SUBJECT: Revised Uniform Residential Loan Application (URLA) The Uniform Residential Loan Application
(URLA), shared by Fannie Mae, Freddie Mac, the Department of
Veterans Affairs, Rural Housing Services, and the Federal Housing
Administration (FHA) has been revised. These revisions are in
response to additional collection requirements mandated by the
Federal Reserve System under Regulation C (Home Mortgage Disclosure
Act (HMDA)) (12 CFR Part 203), as well as the USA Patriot Act (Pub.
L. 107-56, 115 Stat. 272 (2001)). The revised form will be
required for all mortgage loan applications taken on and after
January 1, 2004. Lenders may begin using the revised URLA
immediately, but are cautioned that changes to the FHA Connection
to capture the revised data fields will not be available until
January 2004... |
