MBA Statement on FHA’s New Loss Mitigation Option

MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Federal Housing Administration’s (FHA) Payment Supplement, a new loss mitigation alternative to a traditional loan modification.

FHA Expands Assistance Options for Struggling Borrowers

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.