Browsing: FHA

Mortgage ABA, trade groups call for changes to FHA’s proposed partial claim option

ABA, the Mortgage Bankers Association and the National Mortgage Servicing Association cautioned the Federal Housing Administration that a proposed payment supplemental partial claim option “would significantly increase the operational, compliance, liquidity and reputational risk for mortgage servicers, while introducing potential harm to borrowers.”

Mortgage FHA proposes new tool for struggling homeowners

FHA is seeking feedback on a proposal to allow mortgage servicers to use the FHA Partial Claim to both bring a borrower’s mortgage current and provide temporary reductions for monthly mortgage payments for up to five years.

1 2 3 7