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U. S. Department of Housing and Urban Development
Washington, D.C. 20410-8000

 
January 5, 1995
 
OFFICE OF THE ASSISTANT SECRETARY
FOR HOUSING-FEDERAL HOUSING COMMISSIONER
 
Mortgagee Letter 95-02
 
     TO:  ALL APPROVED MORTGAGEES
 
     ATTENTION:  SERVICING MANAGERS (Single Family)
 
        SUBJECT:  Consolidation of 1995 Preservation and
                        Protection Guidelines and Cost Schedules and
                        Post-Endorsement Fees and Charges
 
                Since 1987, the Department of Housing and Urban Development
        (HUD) has been working toward strengthening controls over
        preservation and protection amounts the Department reimburses on
        FHA single family insurance claims.  As you know, the Regional
        Preservation and Protection Guidelines and Cost Schedules were
        issued annually by the respective Regional Offices.  In view of
        the fact that the Regional Offices have been phased out under the
        current reorganization of the Department, HUD will not be issuing
        separate Regional Preservation and Protection Guidelines and Cost
        Schedules for 1995.
 
                This year, each local HUD office's Preservation and
        Protection Guidelines and Cost Schedules will be consolidated
        into one document and issued to all lenders in the form of a
        Mortgagee Letter from HUD Headquarters.  This issuance will also
        include all local HUD office's post-endorsement fees and charges.
 
                The national 1995 Preservation and Protection Guidelines and
        Cost Schedules will be issued in early 1995.  Until such time
        that the Mortgagee Letter is issued, the 1994 Regional Guidelines
        and Cost Schedules remain in effect and lenders are to continue
        following those guidelines.
 
                Should you have any questions regarding this letter, please
        contact the Production and REO Chief at the local HUD office.
 
Sincerely yours,
 

Nicolas P. Retsinas
Assistant Secretary for Housing
- Federal Housing Commissioner