TITLE

FHA Gives Servicers More Leeway

PUB. DATE
January 2010
SOURCE
American Banker;1/25/2010, Vol. 175 Issue 12, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Federal Housing Administration (FHA) has established guidelines under which its mortgage servicers can assist borrowers. Borrowers struggling to make mortgage payments can be offered forbearance or a reduction in principal prior to missing any payments. Comments are included from FHA Commissioner David Stevens.
ACCESSION #
47712700

 

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