FHA staff had asked HPC whether a repayment plan, an informal forbearance plan or a trial payment plan would be better options for delinquent borrowers rather than a standalone partial claim.
The Department of Housing and Urban Development can and should do more to help increase the availability of personal property and mortgage loans for manufactured housing, a recent report from the Government Accountability Office said.
Late last year, Ginnie seized the mortgage servicing assets of Reverse Mortgage Funding after the company filed for bankruptcy, citing liquidity issues.
The VA loss-mitigation service program will more likely be launched next year, Michelle Corridon, deputy director of policy at VA, said during a recent MBA conference.