MHA SD 13-10: Guidance for Effects of Government Shutdown
On October 22, Making Home Affordable (MHA) released Supplemental Directive 13-10: MHA Program – Guidance for the Effects of the Government Shutdown.
Supplemental Directive 13-10: MHA Program – Guidance for the Effects of the Government Shutdown
Today, October 22, 2013, Supplemental Directive (SD) 13-10: Making Home Affordable Program – Guidance for the Effects of the Government Shutdown was issued, providing guidance to servicers to offer assistance to borrowers adversely impacted by the federal government shutdown that occurred from October 1-17, 2013.
This SD is effective immediately and expires November 30, 2013.
The following topics are covered:
- Forbearance Plans Due to the Government Shutdown
- Borrowers in a Home Affordable Modification Program® (HAMP) or the Second Lien Modification ProgramSM (2MP) Trial Period
- Borrowers in a HAMP or 2MP Permanent Modification
This guidance does not apply to mortgage loans that are owned or guaranteed by Fannie Mae or Freddie Mac, insured or guaranteed by the Veterans Administration, the Department of Agriculture’s Rural Housing Service or the Federal Housing Administration.
Read SD 13-10 in its entirety for detailed information.
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