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ByGustan Cho
Posted on
Updated Guide: Mortgage Forbearance During Pandemic When the COVID-19 pandemic hit, it upended the global economy, leaving millions of Americans in financial turmoil. Among those most affected were homeowners who faced sudden job losses and financial hardships, making it difficult to keep up with mortgage payments. The U.S. government and mortgage lenders introduced mortgage forbearance…
ByGustan Cho
Posted on
In this blog, we will cover FHA guidelines on mortgage after loan modification. FHA Guidelines on Mortgage After Loan Modification for new home buyers require a one-year mandatory waiting period. HUD, the parent of FHA, is the giant federal agency that administers FHA guidelines on mortgage after loan modification. Per Alex, of Gustan Cho Associates,…
ByRonda Butts
Posted on
In this blog, we will cover the difference between mortgage forbearance versus loan modification. We will also cover and discuss the forbearance Coronavirus Law implemented during the outbreak by President Donald Trump. President Trump signed the $2 trillion stimulus package forbearance relief package for homeowners on March 27th, 2020. The former President signed the stimulus…
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