Give military a break, says HUD
- Share via
From staff and wire reports
The Department of Housing and Urban Development last week reminded all FHA-approved lenders that they must comply with the Soldiers’ and Sailors’ Civil Relief Act of 1940.
That law mandates that military personnel on active duty in wartime be entitled to mortgage relief, including a lower interest rate (6%) on their mortgages.
The letter to lenders stressed that all available options must be considered.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
