The Federal Housing Administration (FHA) has recently released new guidance to enhance communication with borrowers who are in default on their mortgages. This move is part of the agency’s efforts to modernize its approach to borrower engagement and streamline the default resolution process.
Key points from the FHA’s new guidance include:
– Introducing new communication strategies to better reach borrowers in default
– Enhancing the transparency of the default resolution process
– Improving borrower education and counseling initiatives to help prevent future defaults
– Implementing technology-driven solutions to facilitate more efficient borrower engagement
You can read this full article at: https://www.housingwire.com/articles/fha-borrower-default-engagement-practices-2025/(subscription required)
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