The interim procedure applies to nonjudicial foreclosure sales and is aimed to help avert “immediate adverse financial and market impacts” when surplus funds are not available.
https://www.nationalmortgagenews.com/news/fha-to-allow-release-of-partial-claims-after-some-foreclosures
Industry unifies to help finalize HMBS buyout relief
Trade groups welcome a proposed reverse-mortgage option for buyouts and are working with Ginnie...
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