Gain essential insights into the latest changes by the Rural Housing Service (RHS) on the Single Family Housing Guaranteed Loan Program. This course provides a comprehensive guide on the amendments to special servicing options and the Mortgage Recovery Advance (MRA) process, aimed at offering lenders increased flexibility and reducing loan program risks.
In this course you will learn the following:
* Understand the purpose and scope of the SFHGLP changes.
* Identify key regulatory amendments and their implications for lenders and borrowers.
* Implement new servicing options and MRA processes effectively.
* Recognize the consequences of non-compliance with the final rule.