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

Federal Issues Covid-19 FHA Mortgages

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.