Postponement of the Final Rule for Special Servicing Options for Non-Performing Loans

USDA Rural Development sent this bulletin at 02/06/2025 11:07 AM EST

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USDA Rural Development - Together, America Prospers

SFH Guaranteed Servicing

February 6, 2025

Postponement of the Final Rule for Special Servicing Options for Non-Performing Loans

The Single-Family Housing Guaranteed Loan Program (SFHGLP) published a Final Rule on August 15, 2024, making changes to the use of special servicing options for non-performing loans and adjusting the Mortgage Recovery Advance (MRA) process. The Final Rule can be viewed in the Federal Register.

Due to Presidential Executive Order, Regulatory Freeze Pending Review, the effective date of February 11, 2025, for the Final Rule has been postponed. Further guidance will be issued when it is available.

Questions regarding program policy and this announcement may be directed to the SFHGLP Servicing Division at sfhglpServicing@usda.gov or (833) 314-0168 option 4.

Thank you for supporting the Single-Family Housing Guaranteed Loan Program!

Help Resources

Policy Questions

Customer Service Center

Phone: 866-550-5887

Single Family Housing Guaranteed Loan Division

Phone: 202-720-1452

Rural Development Help Desk

For GUS system, outage or functionality assistance

Email: RD.HD@USDA.GOV

Important Links:

SFHGLP webpage: https://www.rd.usda.gov/programs-services/single-family-housing-guaranteed-loan-program

USDA LINC Training and Resource Library:

https://www.rd.usda.gov/programs-services/lenders/usda-linc-training-resource-library

Procedure Notices: https://www.rd.usda.gov/resources/directives/procedures-notices

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