The regulatory agency overseeing the mortgage industry has announced plans to gather feedback from industry stakeholders on proposed changes to borrower contact options for individuals in default on their loans. The agency is seeking input on new measures aimed at providing enhanced support and assistance to borrowers facing financial hardship.
Key points from the text to include in the summary:
– Regulatory agency seeking feedback on expanded borrower contact options
– Proposed changes designed to assist individuals in default on their loans
– New measures intended to provide increased support and assistance to borrowers in financial hardship
You can read this full article at: https://www.housingwire.com/articles/fha-proposal-modernize-communications-defaulted-borrowers/(subscription required)
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