forbearance – GMFS Agent

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New FHA Underwriting Guidelines: Borrowers with Mortgage Payment Forbearance

FHA Underwriting Guidelines: Borrowers with Previous Mortgage Payment Forbearance On September 10th, FHA updated their Underwriting Guidelines for Borrowers with previous Mortgage Payment Forbearance, please see FHA Mortgagee Letter 2020-30 for complete details.

Announcements

Conventional Loan Forbearance Refinance and Purchase Eligibility

FHFA recently announced refinance and home purchase eligibility updates for borrowers in forbearance. This announcement is for conventional loans only. Borrowers are immediately eligible to refinance or buy a new home if they participated in a forbearance plan but continued…

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