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D2-3.1-03, Working with a Borrower that has a Group Home Mortgage Loan (11/12/2014)

Introduction
This topic contains information on working with a borrower that has a group home mortgage loan.

Working with a Borrower that has a Group Home Mortgage Loan

The servicer of a mortgage loan where the property securing the mortgage loan serves as a group home must

  • work with the borrower and the funding agency to resolve a serious delinquency; and

  • devote additional resources to foreclosure prevention efforts when the group home that secures a delinquent mortgage loan is still being occupied by disabled tenants and, if appropriate, delay the initiation of foreclosure.


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