Browsing Tag:COVID19

fha-expands-covid-19-forbearance-choices-rismedia-2
The Federal Housing Administration (FHA) announced new and expanded COVID-19 relief options for borrowers who have recently struggled to make their mortgage payments due to the pandemic and for seniors with Home Equity Conversion Mortgages (HECMs) in need of assistance to stay in their apartment houses. These measures are responsive to the ongoing effects of the pandemic and...
Continue reading
0 Comments
Share
fha-gives-extra-covid-19-forbearance-and-hecm-extensions-proposes-new-covid-associated-modification-coverage-weiner-brodsky-kider-pc
On September 27, 2021, the Federal Housing Administration (FHA) announced additional COVID-19 relief for borrowers. In the Mortgagee Letter (ML) 2021-24, the FHA issued a new forbearance relief, granting borrowers up to six months of deferral for those who made their first such COVID-19 omission between October 1, 2021 and the end of the national COVID- 19-apply in...
Continue reading
0 Comments
Share
fha-expands-covid-19-forbearance-choices-rismedia
The Federal Housing Administration (FHA) announced new and expanded COVID-19 relief options for borrowers who have recently struggled to make their mortgage payments due to the pandemic and for seniors with Home Equity Conversion Mortgages (HECMs) in need of assistance to stay in their apartment houses. These measures are responsive to the ongoing effects of the pandemic and...
Continue reading
0 Comments
Share
fha-and-hud-announce-new-foreclosures-aid-measures-for-these-lately-affected-by-covid-19
The Department of Housing and Urban Development has announced new COVID-19 relief measures for those with FHA mortgages. This message follows a previously issued FHA mortgage letter, ML2021-19, "Extension of Moratorium on Foreclosure and Expiration of Moratorium on Foreclosure Associated with President-Declared COVID-19 National Emergency," which contained the following: Opinion:"The moratorium on HUD foreclosure expires on July 31, 2021,...
Continue reading
0 Comments
Share
"The globe Global Reverse Mortgage Services Market The market report provides important details on the current market status as well as forecasts for the period. The report provides mind-blowing details of the market. A thorough research is done which gives the actual data of the market. Restrictions and advancement purposes of the future are combined...
Continue reading
0 Comments
Share
fha-introduces-simplified-covid-19-restoration-waterfall
As noted in June, the FHA released a completely revised version of its “waterfall” loss mitigation options late last week for borrowers who reached the end of their grace period.To streamline the process, the administration is scraping its old waterfall framework and instead offering two options for service providers handling borrowers who come out of forbearance: a standalone partial...
Continue reading
0 Comments
Share
fha-updates-covid-19-restoration-loss-mitigation-choices-weiner-brodsky-kider-pc
On July 23, 2021, the FHA released Mortgage Letter 2021-18 (ML 2021-18) amending its COVID-19 loss mitigation guidelines for borrowers with FHA-insured forward mortgages affected by the COVID-19 pandemic. ML 2021-18 primarily introduces a "waterfall" for loss mitigation options for owner-occupied primary residences, including: (1) the standalone COVID-19 recovery subclaim (which replaces the standalone COVID-19 subclaim) and (...
Continue reading
0 Comments
Share
biden-administration-declares-new-covid-19-aid-measures-for-fha-va-and-usda-debtors-ballard-spahr-llp
The Biden administration recently announced additional COVID-19 relief efforts for borrowers whose loans are insured or guaranteed by the Federal Housing Administration (FHA), the US Department of Veterans Affairs (VA), and the US Department of Agriculture (USDA). The action is designed to bring the options for such borrowers "closer to the options available to homeowners with Fannie Mae...
Continue reading
0 Comments
Share