The Federal Housing Administration (FHA) has asked all approved mortgagees and lenders to be sensitive to the financial hardships experienced by borrowers as a result of the partial government shutdown, including those borrowers subject to furlough, layoff, or a reduction in income.
The FHA reminded FHA-approved lenders of their ongoing obligation to offer special forbearance to borrowers experiencing loss of income.
Read on for details from a letter sent by FHA Commissioner Brian Montgomery.
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