FHA INFO #16-48: Press Release and White Paper on the Future of Foreclosure Prevention Issued Today
July 25, 2016
Today, the U.S. Department of the Treasury issued a Press Release regarding the publication of a joint white paper by Treasury, the U.S. Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) that is designed to serve as a guide for future loss mitigation programs.
The guidance draws on lessons learned from the implementation of the government’s crisis-era housing foreclosure prevention/loss mitigation recovery programs, and outlines five principles the agencies believe were essential to the success of the government’s programs and should provide a foundation for any future loss mitigation programs.
For complete information, refer to the Guiding Principles for the Future of Loss Mitigation white paper.
- View the Press Release: Treasury, HUD and FHFA Release White Paper on the Future of Foreclosure Prevention at: https://www.treasury.gov/press-center/press-releases/Pages/jl0527.aspx
- View the Guiding Principles for the Future of Loss Mitigation white paper at: https://www.treasury.gov/press-center/press-releases/Documents/guiding-principles-future-of-loss-mitigation.pdf
- Contact the FHA Resource Center:
— Visit our online knowledge base to obtain answers to frequently asked questions 24/7 at: www.hud.gov/answers.
— E-mail the FHA Resource Center at email@example.com. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
— Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.
Source: HUD (FHA INFO #1648 full version)