#borrower-communication

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FHA will implement modern borrower default engagement practices

The FHA facilitates remote communication between lenders and defaulting borrowers through its new mortgage guidance, acknowledging the effectiveness of virtual methods introduced during the pandemic.

State bodies told to come together to refine solutions for those in mortgage arrears

The Cabinet has approved a report advocating improved communication for borrowers struggling with mortgage payments, aiming to enhance awareness of available support options.
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