Data / Federal rules / 2024-18291
Single Family Housing Guaranteed Loan Program Changes Related to Special Servicing Options
The Rural Housing Service published this final rule in the Federal Register on August 15, 2024. It took effect on February 11, 2025.
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What the agency says
The Rural Housing Service (RHS or Agency), a Rural Development (RD) agency of the United States Department of Agriculture (USDA), is implementing changes to the Single-Family Housing Guaranteed Loan Program (SFHGLP) to amend the current regulations regarding Special Servicing Options and adjust the Mortgage Recovery Advance (MRA) process. This final rule is intended to benefit borrowers and lenders by providing lenders more flexibility in their servicing options, offering a less expensive and less cumbersome MRA process, and reduce program risk of the guaranteed loan portfolio.
Key facts
- Document number
- 2024-18291
- Type
- Final rule
- Action
- Final rule
- Agency
- Agriculture Department; Rural Housing Service
- Published
- August 15, 2024
- Takes effect
- February 11, 2025
- Dates
- This final rule is effective February 11, 2025.
- Docket
- Docket No. RHS-24-SFH-0001
- Regulation ID (RIN)
- 0575-AD28
- Code of Federal Regulations
- 7 CFR 3555
- Topics
- Administrative practice and procedure; Business and industry; Fair housing; Flood insurance; Grant programs-housing and community development; Home improvement; Housing; Loan programs-housing and community development; Low and moderate income housing; Manufactured homes; Mortgage insurance; Mortgages; Reporting and recordkeeping requirements; Rural areas
- Pages
- 6
Other documents from the Rural Housing Service
| Document | Type | Published |
|---|---|---|
| Rescission of Rural Development's Construction and Repair Regulation 2026-16914 | Proposed rule | Aug 19 |
| Direct Multifamily Housing Subsequent Loans for Acquisition 2026-13455 | Proposed rule | Jul 2 |
| Changes Related to Insurance Requirements in Multi-Family Housing (MFH) Direct Loan and Grant Programs 2026-07618 | Final rule | Apr 20 |
| Single Family Housing Guaranteed Loan Program-Limited Party Concessions 2026-07617 | Proposed rule | Apr 20 |
| Revisions to the Calculation of Annual Household Income and Net Family Assets in the Section 515 Rural Rental Housing and Section 514/516 Farm Labor Housing Programs 2026-07064 | Final rule | Apr 13 |
| Multi-Family Housing Simple Transfer Pilot Program 2026-06951 | Final rule | Apr 10 |
| Single Family Housing Guaranteed Loan Program-Income Producing Accessory Dwelling Unit (ADU) Provisions 2026-06173 · significant | Proposed rule | Mar 31 |
| Single Family Housing Guaranteed Loan Program 2026-05387 · significant | Final rule | Mar 19 |
Everything from the Rural Housing Service · Rules on administrative practice and procedure · Rules on business and industry · Rules on fair housing · Published in August 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.