Mortgage Lenders News

Housing Relief Plans For FHA Borrowers and Servicemembers

 · scra notice revised posted on January 26, 2015 (May 2, 2019) by jholzknecht The Department of Housing and Urban Development (HUD) released an updated servicemembers civil relief act (SCRA) Notice, form HUD-92070, in late December 2014 to replace the SCRA Notice which expired on November 30, 2014.

VA Borrowers and the Servicemembers Civil Relief Act September 1, 2009 – If you have a VA home loan and are facing delinquency, there are specific plans and programs that can help you avoid becoming delinquent on your VA mortgage payments.

Enjoy the weekend like you’re on vacation, there’s plenty to do. Mortgage Masters Group

August 9, 2011 – Military members have a form of financial protection thanks to legislation passed in 2003–the Servicemembers Civil Relief Act (SCRA). This legislation replaced the older Soldiers And Sailors Civil Relief Act. The SCRA revised and expanded protections for service members, updating the old law for today’s military members.

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Home / Program Offices / Housing / Single Family / National Servicing Center / HUD Servicemembers Civil Relief Act Q & A. postpone or suspend foreclosure proceedings on FHA-insured mortgages to borrowers in active duty military service as defined in the SCRA.. all applicable loss mitigation options to save the family home through a.

The Department of Housing and Urban Development (HUD) maintains a list of approved counselors. 4. If a service member defaults on a mortgage, the Servicemembers Civil Relief Act (SCRA) prohibits the sale, foreclosure, or seizure of service member property secured by the mortgage during the period of military service, or within 90 days thereafter.

 · President Obama is announcing two steps that will be taken to assist servicemembers and FHA borrowers, the administration stated in a release today.. Obama’s Housing Relief Plans.

Servicemembers Civil Relief act (scra) disclosure (form HUD-92070). Notice of Homeownership Counseling Availability The Mortgagee must provide a Borrower with a Delinquent Mortgage, a notice describing the availability of housing counseling offered by HUD-approved housing counseling agencies and by the Mortgagee.

FACT SHEET: President Obama Announces New Steps to Provide Housing Relief to Veterans and Servicemembers and Help More Responsible Homeowners Refinance In his State of the Union address, President Obama laid out a Blueprint for an America Built to Last, calling for action to help responsible borrowers and support a housing market recovery.

This included 10,781 loans the OCC determined needed to be remedied, including 23 foreclosures on borrowers who weren’t actually in default on their loans and 54 that violated the the Servicemembers.

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