Unemployed Get a Break on FHA Loans
admin2011-07-08T02:55:45-07:00July 8, 2011 (Shirley Allen) Recognizing that the current economic hardships have made current forbearance programs inadequate, the Obama Administration announced adjustments to the Federal Housing Administration’s (FHA) Special Forbearance Program that will require mortgage servicers to extend the forbearance for FHA borrowers who qualify from four to 12 months. […]