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[Adam] Hi, I’m Adam DeSanctis. This is the Mortgage Minute, the latest news from the Mortgage Bankers Association. I hope you and yours enjoyed a relaxing and fun Thanksgiving with friends and family. Earlier last week, FHA finally issued his proposed and highly anticipated permanent loss mitigation waterfall to the single family drafting table for review and comment a permanent waterfall for FHA has been a top priority for MBA’s future of loss mitigation advocacy efforts. As proposed, FHA seeks to implement the lessons learned from the COVID 19 pandemic before the expiration of its temporary guidance on April of 2025. While MBA will continue to review the details of FHA’s extensive proposal, it appears to reflect much of the feedback we delivered through multiple rounds, including our comprehensive, initial March 2024 letter. Guidance topics include updates to repayment and forbearance policies, changes to FHA’s home retention options, home retention guardrails to ensure borrowers can sustain their monthly mortgage payments, Changes to FHA’s disposition options to include an equity saver sale and consolidated SF DMS reporting. MBA will continue to review the proposal and will submit comments by the December 23rd deadline. That’s it for this week. Thank you for listening.