Browsing Tag:Measures

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,...
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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...
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fha-extends-reverse-mortgage-covid-19-reduction-measures-as-u-s-reaches-grim-milestone
In an increasingly popular refrain for government-sponsored mortgage borrowers, the Federal Housing Administration (FHA) on Tuesday further expanded certain mortgage relief programs, including measures that apply to home equity conversion mortgage borrowers (HECMs). These include the ability to conduct only external assessments, the application of streamlined measures to review borrowers' employment, and the review of rental income guidelines.These...
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