2013-10-12 — americanbanker.com
``Banks and mortgage lenders should "make every effort to communicate with and assist affected borrowers," FHA Commissioner Carol Galante said in a letter to lenders Friday.
The FHA wants lenders to offer informal forbearance plans, waive late fees, suspend credit reporting and evaluate borrowers for available loss-mitigation options to help them avoid foreclosure, if it should come to that.''
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