CHLA Supports The FHA Proposal On Servicer Tax And Insurance Reimbursements
The Community Home Lenders of America (CHLA) submitted a comment letter to the Federal Housing Administration (FHA). The letter expressed CHLA’s support for an FHA proposal that allows servicers who advance taxes and insurance for delinquent borrowers to be reimbursed during the loss mitigation process. The CHLA letter also made several recommendations on how to implement this proposal.
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