HUD Directs Mortgage Relief

HUD will direct all FHA-approved lenders to provide loan relief to families affected by the recent terrorist attacks.

1 minute read

September 20, 2001, 11:00 AM PDT

Housing and Urban Development Secretary Mel Martinez will direct allFHA-approved lenders to provide loan relief to families affected by therecent terrorist attacks. Martinez is also asking all major mortgagelenders, including those not insured by FHA, to consider providingrelief aswell. HUD will specifically ask lenders not to start or threatenforeclosurefor at least 90 days, while families are recovering from the financialproblems caused by the loss of a family member. HUD is also providing ahotline (800-217-6970) for information on housing counseling servicesand isworking with the Federal Emergency Disaster Agency to identify vacantHUD-owned housing that can be used as temporary housing for those forcedfrom their homes.

Thanks to HUD News

FULL STORY: MARTINEZ ENCOURAGES LENDERS TO GIVE RELIEF TO FAMILIES AFFECTED BY TERRORIST ATTACKS

Tuesday, September 18, 2001 in HUD News

Government / Politics New York

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