As such, the FHA is asking the mortgage industry to aid federal workers who aren’t getting paid right now because the government is shut down over funding for President Donald Trump’s border wall.

Government Insured Loan Programs If you have a government insured loan at risk of not closing due to the government shutdown, consider switching the loan to private mortgage insurance with Genworth. In many cases, the total borrower payment will be the same or better than the borrower would have received on a government loan.

 · The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing,

The partial federal government shutdown is complicating the already complicated process of getting and managing a mortgage. For one thing, the political storm is like severe weather at a major.

 · In a story Jan. 11 about the government shutdown, The Associated Press – from an article that originally appeared on the personal finance web site NerdWallet – reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown.

impacted by the government shutdown. mortgage forbearance options are also available. Terms : Consumer loan extensions are available for 30,60, or 90 days Loans that are delinquent more than 45 days will be subject to special review/approval interest will continue to accrue during the extension period

Government Shutdown & Student Loan Payments Mortgage servicers are making assistance available that they normally offer during natural disasters, such as a forbearance. Government Shutdown Mortgage Forbearance Available The government shutdown, which began on December 22, 2018, has left 800,000 federal workers without pay.

If you are a federal employee impacted by the partial government shutdown, there may be options for you to postpone making your payments through the use of a deferment or forbearance. See the information from the Department of Education linked below. Student Loan Deferment or Forbearance Information from the Department of Education.

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Forbearance is an arrangement designed to help homeowners during periods of financial hardship. This option temporarily reduces or suspends your mortgage payments while the money is short. Tap into a HELOC, if you have one available. Cut all unnecessary spending and talk to your creditors.

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