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The Protective Insurance Payments Demonstration vol I

Release Date: 
June 1980 (38)
Posted Date:   
February 6, 2012

HUD does not have a program for assisting otherwise sound mortgagors who face the loss of their homes due to economic stress or other reasons beyond their control , other than encouraging mortgagees to forbear exercising their right to foreclose the loan through work-out arrangements until the period of adversity has passed, or accepting assignment of the insured mortgage.

This report is part of the collection of scanned historical documents available to the public.

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Note: Guidance documents, except when based on statutory or regulatory authority or law, do not have the force and effect of law and are not meant to bind the public in any way. Guidance documents are intended only to provide clarity to the public regarding existing requirements under the law or agency policies.