OFFICE OF THE ASSISTANT SECRETARY FOR HOUSING-FEDERAL HOUSING COMMISSIONER

September 20, 2002
MORTGAGEE LETTER 2002-19

TO: ALL APPROVED MORTGAGEES

ATTENTION: Single Family Servicing Managers

SUBJECT: Clarification Regarding Title Approval issues, Property Condition at Conveyance, Administrative Offsets and a New Process for Lender Appeal of Conveyance Issues.

Over the past several months, industry representatives have made recommendations to the Department in various forums, including servicing conferences, regarding policy and procedure issues. This mortgagee letter
provides clarification of issues relating to title approval, property condition at conveyance and administrative offsets. The lender appeal process relative to conveyance issues is also addressed in this mortgagee letter. The effective date is thirty days from the date of this mortgagee letter....

To read this mortgagee letter in its entirety, visit FHA mortgagee letters and click on letter 02-19.