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New rules released this week by the Department of Housing and Urban Development give unemployed Americans a big extension on forbearance payments. The extension – nine months’ worth – may be enough time for Americans to save their homes. At least that’s what Uncle Sam hopes.
The National Credit Union Administration is proposing new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs, and income related to troubled home mortgages.