Jeffrey P. Naimon quoted in National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously’”
National Mortgage NewsJeffrey P. Naimon
The National Mortgage News article, “FHA taking state AG concerns about servicers ‘very seriously,’” explored HUD’s concern regarding allegations by a group of attorneys general that some mortgage servicers failed to offer a recently added Federal Housing Administration Covid-19 modification option. Naimon noted that all FHA servicers are aware that their actions are carefully reviewed by HUD, “So everyone has the same interest in offering the best option to consumers that they can, given the requirements in effect at the time.” He added that HUD, which has been changing its requirements quite a bit, has acknowledged that it was operationally impossible for servicers to keep up. “The servicing industry has been working hard and in good faith to comply with a constantly changing set of requirements.”
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