MBA Joint Trade Request to Extend the Face-to-Face Waiver
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The Housing Policy Council (HPC), Mortgage Bankers Association (MBA), and the National Mortgage Servicing Association (NMSA) (the Associations) recently submitted comments for your consideration, in response to the Department of Housing and Urban Development’s (HUD) proposal to modernize the rules applicable to a Federal Housing Administration-insured (FHA) mortgage servicer’s engagement with a borrower in default. Overall, we were supportive of the proposal, specifically that servicers should be able to utilize successful techniques and technologies to engage borrowers facing financial hardship.
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