Consumers self-identifying as older Americans filed 1,987 gripes related to mortgages in the first half of 2021, a sharp increase from the same period last year. Conventional mortgages made up most of the complaints.
During her Senate confirmation hearing, Alanna McCargo, the nominee for Ginnie Mae president, pledged to ensure loss-mitigation tools remain protective as borrowers continue to exit forbearance programs.
FHA extended forbearance by another six months on recent additions to the recovery program and proposed a 40-year loan modification as a loss-mitigation option.