The Federal Housing Administration on Monday announced expansion of its loss mitigation options used to help borrowers struggling to make mortgage payments on their FHA-insured mortgages.
Category: News and Trends
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Join real estate industry young professional peers for the inaugural MBA mPact Summit on Tuesday, March 7 in Plano, Texas.
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People in the News Jan. 31, 2023: MBA Renames Lowrie-Woodward Distinguished Service Award
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Call for Speakers: MBA Secondary & Capital Markets Conference & Expo; Deadline Feb. 2
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MBA Advocacy Update: Jan. 30, 2023
On Tuesday, MBA SVP and Chief Economist Mike Fratantoni testified during a Federal Financial Institutions Examination Council’s Appraisal Subcommittee hearing on appraisals.
Quote: Jan. 31, 2023
“We are committed to ensuring that no FHA borrower experiences foreclosure unnecessarily. FHA’s COVID-19 forbearances and streamlined COVID-19 loss mitigation options have successfully helped millions of struggling borrowers in the last two fiscal years alone. Our action today lets us capitalize on what we have learned through the pandemic to continue helping borrowers avoid foreclosure, regardless of the nature of their hardship.”
–HUD Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon.