In an effort to help struggling borrowers stay in their homes, the US Department of Housing and Urban Development’s (“HUD” or “Department”) Federal Housing Administration (“FHA”) recently introduced its newest loss mitigation...more
4/10/2024
/ Borrowers ,
Consumer Financial Products ,
Federal Housing Administration (FHA) ,
Financial Distress ,
Financial Services Industry ,
HUD ,
Lenders ,
Loan Payments ,
Loss Mitigation ,
Mortgage Servicers ,
Mortgages
In recent weeks, the US federal housing agencies and government-sponsored enterprises (GSEs) that insure, guarantee, or purchase “federally backed mortgage loans” covered by Section 4022 of the CARES Act (Act) have continued...more
6/24/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Fannie Mae ,
Federal Housing Administration (FHA) ,
FHFA ,
Financial Distress ,
Forbearance Agreements ,
Foreclosure ,
Freddie Mac ,
GSE ,
Housing Market ,
HUD ,
Moratorium ,
Mortgages ,
Relief Measures