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FHA urges servicers to go easy on federal workers during shutdown

Jan 10, 2019 - American Banker

WASHINGTON - The Federal Housing Administration is urging mortgage servicers to provide leniency to federal workers affected by the government shutdown who are struggling with mortgage payments.

FHA Commissioner Brian Montgomerysent a letterto its mortgagees Tuesday night emphasizing the agency's policy of offering special assistance to borrowers experiencing a loss of income.

In particular, the FHA expects servicers to extend special forbearance plans to borrowers impacted by the sh...