Housing Wire
JUNE 6, 2022
The proposed rule , originally published in early April, would change repayment provisions for FHA borrowers, allowing lenders to recast a borrower’s total unpaid loan for an additional 120 months. But it’s not just a benefit to borrowers.
HomeLight
JUNE 28, 2021
Department of Housing and Urban Development , a government agency first created by President Lyndon B. HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan.
Housing Wire
APRIL 4, 2022
The Federal Housing Administration (FHA) is moving to expand its COVID-19 loss mitigation “waterfall” by introducing a 40-year loan modification option and is asking the mortgage industry for input. HUD said that this option could prevent “several thousand borrowers a year from foreclosure.”.
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