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HUD Launches Mortgage Relief Plan to Help With COVID-19

Sunday, Apr 05 2020
Lending
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The U.S. Department of Housing and Urban Development has imposed a moratorium of up to a year on struggling borrowers’ payments for government-insured mortgage loans. So reports Politico.

!--more-->The announcement to mortgage servicers came only a couple of weeks after HUD called for up to a two-month delay on foreclosures and evictions.

The Federal Housing Administration, the HUD agency that backs mortgages for low- and moderate-income borrowers, also told lenders to push back reverse mortgage due dates by six months.

Read the full article from Politico. 

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