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FWIW the rules were a bit murkier until within the last week additional guidelines were released.
by csharptwdec19 6y ago
FWIW the rules were a bit murkier until within the last week additional guidelines were released.
- hnrodey 6y agoAny link/source you can share on that?
- gamblor956 6y agohttps://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/#relief-options https://www.consumerfinance.gov/about-us/blog/guide-coronavi... Despite the wording, approval is not at the discretion of the financial institution. If the loan is federally backed, the financial institution must approve mortgage relief. Moreover, currently they are not even allowed to seek proof of financial distress.