
The MBA Applauds FHA’s New Payment Supplement for Enhanced Loss Mitigation
The Mortgage Bankers Association supports the FHA’s new payment supplement, a new loss mitigation option meant to help the borrower avoid foreclosure amid high interest rates. The Mortgage Bankers Association (MBA) yesterday expressed its strong support for the Federal Housing Administration’s move in introducing its newest loss mitigation alternative–the Payment Supplement—to help borrowers facing financial…