Quantcast
Viewing all articles
Browse latest Browse all 8

Home Affordable Unemployment Program (UP) Goes Into Effect July 1, 2010

Unemployed borrowers could qualify for forbearance on their mortgages starting in July. UP is designed to reduce or suspend mortgage payments for at least 3 months or to reemployment, whichever period of time is less. However, servicers can extend the period of forbearance according to their own guidelines. Monthly mortgage payments can be reduced to [...]

Viewing all articles
Browse latest Browse all 8

Trending Articles