On September 27, 2022, FHA issued the above Mortgages Letter (ML 2022 -17) to provide guidance to lenders regarding the introduction of positive rental history for First Time Homebuyers on forward purchase transactions.


To recognize such positive credit attributes, FHA is updating its TOTAL Mortgage Scorecard to allow for the utilization of positive rental payment history for the credit risk assessment when delivering credit decisions through TOTAL Mortgage Scorecard.


The effective date of this ML 2022-17 guidance is October 30, 2022, for case numbers assigned on or after September 20, 2021.

Full Memorandum