TITLE

FHA Moratoria Increase Costs

AUTHOR(S)
Collins, Brian
PUB. DATE
September 2000
SOURCE
National Mortgage News;09/04/2000, Vol. 24 Issue 50, p34
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that mortgage servicers of the United States Federal Housing Administration of single family loans expect higher costs because the Department of Housing and Urban Development (HUD) has declared a moratoria on FHA foreclosures in five major cities. Moratoria's prevention of the initiation of foreclosure actions; HUD's requirement for lenders/services to suspend foreclosures already in progress.
ACCESSION #
3572540

 

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