Browsing Tag:Relief

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-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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fha-additional-extends-pandemic-reduction-for-reverse-mortgage-debtors
In addition to providing new forbearance options for forward mortgage borrowers who remain affected by the ongoing COVID-19 coronavirus pandemic, the Federal Housing Administration (FHA) announced on Monday that home equity conversion mortgages (HECMs) borrowers will receive additional relief from previous action, but also taking into account certain forward and reverse mortgage borrowers newly affected by the problems and...
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fha-highlights-reverse-mortgage-reduction-in-wake-of-pandemic-excessive-climate
In light of recent extreme weather events in the states of Louisiana and California, the Federal Housing Administration (FHA) reaffirms mortgage borrowers participating in FHA-sponsored programs certain relief measures and loss mitigation options that are available should they require assistance in light Natural disasters. These include relief measures available to borrowers in the Home Equity Conversion Mortgage (HECM)...
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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-and-hud-announce-streamlined-foreclosures-aid
The FHA and HUD have announced simplified mortgage relief for those in need of help due to the COVID-19 pandemic. Those with FHA mortgages have a new "FHA COVID-19 Recovery Waterfall" that "streamlines and revises the FHA's previous options for troubled homeowners, reduces the documentation required, and enables mortgage servicing providers for eligible FHA-insured homeowners Single family titles grant...
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