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Missed mortgage payments caused by government shutdown. The Office of Personnel Management (OPM) — the agency that oversees the government’s civilian workforce — released official advice to furloughed employees. While the agency fell under scrutiny after suggesting federal employees should barter with their landlords if they can’t make rent.
[highlight] [no-lexicon]Alert! The U.S. Department of Education has made available a new cancer treatment deferment form. borrowers who are undergoing cancer treatment and wish to request a deferment of their federal student loan payments should complete the form and submit it to their loan servicer.[/no-lexicon]
In a story Jan. 11 about the government. reverse mortgages) and FHA Title I loans (financing for permanent property improvements and renovations) are the exception – and won’t be processed during.
If you qualify for forbearance, you and your mortgage company will discuss the forbearance terms: length of forbearance period, reduced payment amount (if the payment is not suspended), and; the terms of repayment. After the forbearance period has ended, you will need to repay the amount that was reduced or suspended.
Your Mortgage Process Might Slow Down. If you’ve applied for a mortgage, you could wait longer for the closing, but only if the shutdown drags on for more than a few weeks. "The government shutdown is having a minimal impact on the mortgage industry, at best," said Mat Ishbia, chief executive of United Wholesale Mortgage in Pontiac, Mi.
Navy Federal Credit Union is offering a zero-percent APR loan up to $6,000 during the government shutdown. The assistance is open to federal government employees and active duty members of the.
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