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Financial Services Law Insights and Observations

FHA mortgagee letter issues update to effective date for previous guidance on self-employment, rental income

Federal Issues Covid-19 FHA Mortgages

Federal Issues

On July 29, the FHA issued Mortgagee Letter 2020-24, which revises the effective date for the temporary guidance on verification of self-employment and receipt of rental income published in Mortgagee Letter 2020-23, previously covered here. The temporary guidance is in effect for case numbers assigned on or after August 12 through November 30.

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