FHA Mortgagee Letter 2025-14: Updates to Modernization of Engagement with Borrowers in Default and Loss Mitigation
On June 3, 2025, the Federal Housing Administration issued Mortgagee Letter 2025-14, superseding and updating the policy outlined in Mortgage Letter 2024-24, while also providing clarifications to ML 2025-12. Specifically, the letter builds on recent guidance to improve communication with borrowers in default and streamline loss mitigation procedures.
