Tag: mortgage relief

HUD Issues Mortgage Relief for FHA Single-Family Home Owners

HUD Issues Mortgage Relief for FHA Single-Family Home Owners

Effective April 1 for borrowers with a financial hardship that makes them unable to pay their mortgage due to the outbreak, mortgage servicers must extend deferred or reduced mortgage payment options — called forbearance — for up to six months, and must provide an additional six months of forbearance if requested by the borrower.

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