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HUD revamps program for unemployed homeowners
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Newspaper Article
HUD revamps program for unemployed homeowners
2011
Overview
\"Participating mortgage servicers of non-GSE loans do need to offer the program to eligible unemployed homeowners whenever possible under regulator and investor guidelines,\" [Andrea Risotto] explained. The website notes that the eligibility criteria are for homeowner \"guidance only.\" In other words, there's no guarantee that even if you are unemployed and closed on your mortgage on or before January 1, 2009, that you will be able to get a mortgage forbearance. Will this program be run any better? We'll have to see. In the meantime, homeowners can find the list of participating servicers by visiting MakingHomeAffordable.gov. Click on the link that says, \"Get help if unemployed.\" For a list of servicers that participate, go to www.makinghomeaffordable.gov/get-assistance/contact-mortgage/Pages/default.aspx.
Publisher
Los Angeles Newspaper Group
Subject
