Industry News

HUD extends foreclosure moratorium for FHA-insured home loans

Homeowners must formalize repayment plans by March 31
Published on Feb 27, 2006

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by CareyBot

The Housing and Urban Development Department today announced it has directed all FHA-approved lenders to extend a moratorium on foreclosures of FHA-insured mortgages another 120 days. The previous moratorium on foreclosures was in effect through Feb. 28, and the HUD ...