Yesterday, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 19-07, which announced an extension of the effective date of ML 19-06. 

The guidance provided in ML 2019-06 will be effective for case numbers assigned on or after July 23, 2019, rather than the originally published effective date of April 18, 2019. 

AHFA would like to assure its lending partners that it is an instrumentality of the State of Alabama (as mandated by the National Housing Act) and has the legal authority to do business throughout Alabama’s territorial jurisdiction. 

We are working with our legal counsel and are currently reviewing our processes and procedures to satisfy the requirements set forth in ML 2019-06. We will release a program bulletin and schedule a lender partner webinar to go over any procedural or documentation updates in advance of the new effective date of July 23, 2019.