CORONAVIRUS MORTGAGE FORBEARANCE WARNING!

CORONAVIRUS MORTGAGE FORBEARANCE WARNING! FHA-OIG Busts Mortgage Servicers Deceiving Homeowners 

coronavirus mortgage forbearance
MFI-Miami has issued a Coronavirus Mortgage Forbearance Warning! The FHA-OIG has issued a scathing report saying mortgage servicers are deceiving homeowners about Coronavirus Mortgage forbearance programs.
HUD and FHA refused to publicly say which mortgage servicers were deceiving homeowners. However, they did say they have put them on notice. 
HUD-OIG said it reviewed the websites of the top 30 FHA servicers. These mortgage servicers account for 90.5% of all servicing on FHA loans.
The CARES Act stipulates that a borrower can request a 180-day forbearance by FHA or a GSE lender if they are experiencing a COVID-19-related hardship.


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