Weekly briefing, June 30, 2025

Applies to: All FHA-insured Single Family Title II forward mortgages on properties located in Presidentially-Declared Major Disaster Areas designated for individual assistance prior to endorsement.

What to review: Review immediately the rescission of mandatory pre-endorsement PDMDA damage inspection reports and the implementation of due diligence, repair completion, and Case Binder documentation standards for affected properties. AWACS interpretation

Applies to: This guidance applies to all FHA Title II Single Family forward mortgage programs, excluding Home Equity Conversion Mortgages.

What to review: Review origination and compliance processes to take advantage of the immediate rescission of the Supplemental Consumer Information Form requirement for FHA Title II Single Family forward mortgages. AWACS interpretation

Applies to: All FHA Title II forward mortgage and Home Equity Conversion Mortgage (HECM) programs.

What to review: Review the flexibility permitting part-time employment and experience for Direct Endorsement underwriters, ensuring staffing policies still enforce permanent employment with a single mortgagee and prohibit contracting out underwriting duties. AWACS interpretation

Applies to: FHA-insured Single Family Title II forward mortgage and Home Equity Conversion Mortgage (HECM) programs.

What to review: Review the immediate rescission of appraisal requirements regarding remaining economic life, non-standard photographs, changing-market comparables, and Section 223(e) protocols to streamline appraisal and underwriting review processes. AWACS interpretation