FHA Back to Work Program – Extenuating Circumstances Program
The U.S. Department of Housing and Urban Development recently published Mortgagee Letter 2013-26 under the subject “Back to Work–Extenuating Circumstances” for all FHA-Approved Mortgages. This new ML explains that FHA is continuing its commitment to “fully” evaluate borrowers who have experienced periods of financial difficulty due to “extenuating circumstances.” Due to the recent recession, there…
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