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Description:

Student Loan Payment Calculation of Monthly Obligation

This Mortgagee Letter (ML) informs Mortgagees of new student loan calculation requirements of the monthly payment obligation, to align better with the current industry standards.

This guidance is effective for all case numbers assigned on or after August 16, 2021. However, Mortgagees may begin using the policies announced in this ML immediately.

 

Document type:

  • Agency Bulletin/Form

Agency:

FHA

Download:

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