Federal Home Loan Bank of Chicago: New MPF Traditional Loss Mitigation Accommodations
June 01, 2023
June 01, 2023
CHICAGO, Illinois, June 1 (TNStalk) -- The Federal Home Loan Bank of Chicago, a district bank in the Federal Home Loan Bank System, issued the following agency statement on May 31, 2023:
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As borrowers near the end of forbearance and/or deferral period, some may be able to qualify for a temporary loan modification due to a related financial hardship. For loss mitigation tied to COVID-19, our Mortgage Partnership Finance(R) (MPF(R)) Traditional products also offer pe . . .
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As borrowers near the end of forbearance and/or deferral period, some may be able to qualify for a temporary loan modification due to a related financial hardship. For loss mitigation tied to COVID-19, our Mortgage Partnership Finance(R) (MPF(R)) Traditional products also offer pe . . .