Browsing Tag:options

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...
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© Provided by The Motley Fool FHA Expands Mortgage Forbearance OptionsBorrowers struggling to make their FHA mortgage payments now have more time to request forbearance.According to the U.S. Department of Housing and Urban Development, you can apply for FHA loan deferral - essentially a temporary suspension of mortgage payments - from now until the end of the national COVID-19...
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fha-extends-mortgage-forbearance-choices
Borrowers struggling to make their FHA mortgage payments now have more time to request forbearance.According to the U.S. Department of Housing and Urban Development, you can apply for FHA loan deferral - essentially a temporary suspension of mortgage payments - from now until the end of the national COVID-19 emergency. Previously, the option (at least applied for) had...
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biden-administration-extends-extra-mortgage-aid-choices-for-fha-loans
The Federal Housing Administration (FHA) has announced new leniency options for homeowners struggling to make their mortgage payments. (iStock) The Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced on Monday the extension and addition of new COVID-19 mortgage relief options for homeowners with FHA home loans. FHA loan...
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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...
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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 (...
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