a COVID-19 Recovery Modification may be the next available step. The Recovery Modification sees the servicer use partial claim funds of up to 30% of the unpaid balance of the loan to cover any overdue amounts to bring the loan current. If the partial claim isn't sufficient to cover thes...
"Over the last year, we have made substantive changes to our COVID-19 recovery options that are showing strong results in helping homeowners with FHA-insured mortgages recover from the devastating financial effects of the pandemic," said Lopa Kolluri principal deputy assistant secretary for housing ...