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Financial Services Law Insights and Observations
FHA issues mortgagee letter extending guidance on employment reverification and appraisals
On May 14, the FHA issued Mortgage Letter 2020-14, which extends the effective period of the guidance in Mortgagee Letter 2020-05 allowing for flexibility relating to employment reverification and appraisal protocols for FHA single family programs affected by Covid-19 until June 30.