HUD OIG issues Covid-19 guidance to homeowners

Federal Issues Covid-19 HUD OIG FHA Forbearance CARES Act Mortgage Servicing

On April 28, the Department of Housing and Urban Development’s Office of Inspector General issued a bulletin outlining Federal Housing Administration guidance to servicers and borrowers regarding implementing the forbearance requirements of the CARES Act. The office issued the bulletin based on a review of information that the top 30 FHA mortgage servicers provide on their websites, which the office found to be incomplete, outdated, inconsistent, or unclear.