FHA Single Family clarifies and updates existing guidance to mortgagees concerning refinance transactions for FHA insurance. Please see ML 2011-11 for the various effective dates, depending on section.
Note: On February 23, 2011, ML 2011-11 has been revised and reissued. To see the revisions, refer to the matrix on page 4; the row labeled "Hybrid ARMS During the Adjustable Period" has been revised.
