July 8, 2011

FHA Providing Unemployed Homeowners Extra Time to Get Back on Their Feet

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If you’re unemployed and having trouble making payments on your FHA-insured mortgage, more help is on the way!  The Federal Housing Administration (FHA) already requires its lenders to go the extra mile in helping un- or underemployed borrowers who are at least three months behind in their mortgage.  Now, FHA is providing additional breathing room […]

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June 30, 2011

Protecting Homeownership for Deployed Servicemembers

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HUD Secretary Shaun Donovan says “our military forces should not have to worry about losing their homes to foreclosure while serving their county on active duty.”  To help ensure that this does not occur, HUD has revised the Notice of Disclosure form that emphasizes the rights of the military under the Servicemembers Civil Relief Act. […]

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May 11, 2011

Special mortgage relief for FHA borrowers in disaster areas

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In the wake of disaster, the last thing you should be thinking about is a pending foreclosure.  The Federal Housing Administration (FHA) is reminding all of its mortgage lenders that a 90-day freeze on foreclosures automatically goes into effect on FHA-insured homes in Presidentially Declared Disaster Areas.  President Obama has declared certain counties in Alabama, […]

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March 14, 2011

Hospitals call FHA when they need help!

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All across the country, hospitals and other health care facilities that are struggling to keep operating don’t call 9-1-1 when they need help. They dial F-H-A. FHA’s Section 242 program makes it possible for hospitals, assisted living facilities and other health care institutions to finance critically needed construction, rehabilitation, and equipment. FHA mortgage insurance helps […]

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