HUD Issues Guide to Ease Servicer Participation in Project Lifeline
February 2, 2009
The Department of Housing and Urban Development has issued guidelines that would allow servicers of delinquent FHA-insured home loans to participate in Project Lifeline without running afoul of the agency’s timeframe for foreclosure. Project Lifeline is an outreach strategy announced by the Hope Now Alliance in February last year to help homeowners who are 90 days or more past due and...