In This Issue
KHC Single-Family Servicing Statement
Kentucky Housing Corporation (KHC) has received many inquiries from our lending partners asking if we work with a master servicer and if that master servicer has implemented any additional credit overlays in light of the COVID-19 pandemic. As a reminder to our lenders, KHC services 100% of our single-family loans. We act as our own master servicer and as such, KHC determines our own credit overlays, such as minimum credit scores. Our policy has always been to give lenders as much notice as possible when we do make changes to our programs. 
At this time, we have no plans to change the minimum credit score requirements for our programs. KHC is operating business as usual with the biggest exception being the majority of our staff are now teleworkers.
KHC Policy Revisions
In recent days, all of the insuring agencies have published guidance on income, employment verification, and appraisals during the COVID-19 pandemic. KHC has updated our policies in response (listed below), all of which are available on the Lending Partners page of KHC's website,
KHC Response for Homeowners Impacted
by COVID-19
Many lenders are hearing from past clients who are concerned that COVID-19 may disrupt their mortgage payments. Due to the high volume of customers affected by COVID-19, we are experiencing high call volume and extended hold times. Email responses may also be delayed.

Please refer current KHC borrowers to our website for mortgage payment and assistance guidelines.
KHC's Preferred Risk Product
This week, Fannie Mae issued an update to the HFA Preferred Risk Sharing program. Fannie Mae has decided to stop offering the HFA Preferred Risk Product. The last day this program can be reserved with KHC will be Wednesday, April 15, 2020. All Preferred Risk Loans must close and be delivered to KHC no later than Friday, June 26, 2020. KHC will be unable to make exceptions to that deadline.
COVID-19 Response
KHC's COVID-19 Resource Page
All of the COVID-19 information from KHC has been compiled into an easy-to-read page, broken into sections by program/activity area. Please check the COVID-19 Response page on KHC's website and subscribe to KHC eGrams to be informed of additional updates.
DO NOT REPLY-This is an unmonitored email address. 
To change your eGram preferences or sign up for an eGram list, please visit  KHC's website and click on the eGram icon under Quick Links, or click on the "e" at the top of each page on KHC's website.