ML Governing Rollback of LTV DSCR 

Summary 

This Mortgagee Letter (ML) updates the Federal Housing Administration's (FHA’s) Multifamily Housing Programs' underwriting standards and guidelines. It is not applicable to the health care programs administered by the Office of Healthcare Programs (Section 232 or refinancing of Section 232 pursuant to Sections 223 (f) or 223 (a) (7)), nor does it apply to Risk Share (542) loans.

These changes are in response to current real estate and financing markets and are intended stimulate FHA’s countercyclical role while ensuring the continued availability and stability of FHA insurance.

What feedback are we seeking?  

HUD is interested in any general or specific feedback on the approval process proposed in the Mortgagee Letter attached below. By doing so you assist HUD to efficiently review your comments and to make any possible final revisions.

How can you send feedback? 

Please input comments into the ML Governing Rollback of LTV DSCR worksheet and send them to margaret.a.lawrence@hud.gov with the subject line: “Drafting Table: ML Governing Rollback of LTV DSCR” no later than 5:00 PM ET, November 25, 2024, or before the below expiration date stated next to the draft Publication. 

The draft notice can be viewed here:

Last Updated: 10/29/2024