Examples of Special Loan in a sentence
RHS announced Special Loan Servicing to provide assistance to borrowers with Single Family Housing Guaranteed Loan Program loans who are unable to meet their mortgage payments.
For specific guidance related to eligibility, underwriting and administration of Special Loan Servicing, servicers should consult the final rule published by RHS (75 Fed.
RD- HAMP provides pay-for-performance compensation for borrowers and pay-for-successcompensation for servicers for RHS-guaranteed first lien Non-GSE Mortgages that are modified under Special Loan Servicing on or after September 24, 2010.
In all cases, a borrower is only allowed one Special Loan Servicing modification during the life of the loan.
The servicer must exhaust all traditional waterfall options before considering Special Loan Servicing (SLS).