Foreclosure Prevention

Foreclosure Prevention

For information regarding home mortgages during the COVID19 pandemic, please check out the following websites:

  • On April 01, 2020, the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-06, FHA’s Loss Mitigation Options for Single Family Borrowers Affected by the Presidentially-Declared COVID-19 National Emergency in Accordance with the CARES Act. This ML implements the mortgage forbearance provisions provided in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that President Trump signed into law on March 27, 2020. Read the Press Release.

  • HUD.gov resources and information

FHA has launched a new consumer-oriented Q&A to help homeowners better understand what loss mitigation options are available to them during this national emergency. It is available on Loss Mitigation Services for FHA Homeowners.

                        View Mortgagee Letter 2020-06 and all other archived Mortgagee Letters

                        Access the Single Family Housing Policy Handbook 4000.1

                        View the FHA COVID-19 Q&A                       

  • DC Updates - FHFA - HUD – etc.

                        HUD suspends all foreclosures for FHA for 60 days (3-18-2020)

                        FHFA suspends all foreclosure for Fannie Mae/Freddie Mac for at least 60 days (3-18-2020)

 

Questions about your loan? Call your servicer directly. 

Have additional questions? Call NHSIE to speak with a staff member at 909-884-6891, press 2 when prompted for foreclosure prevention services.

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