WebJan 30, 2024 · Homeowner Assistance Funds (HAF) utilized in connection with reinstating the Mortgage). Delinquency Workouts (AL) – further reporting is required Status Code Definition Guidance for Usage: Use selected code to advise HUD that… 06 Formal Forbearance Plan Mortgagor has been approved for a formal forbearance plan, which is … WebNov 9, 2024 · The IRS has provided guidance on the federal tax treatment and information reporting requirements for payments made to, or on behalf of, financially distressed …
IRS Provides Guidance on Tax Treatment and Information …
WebNov 8, 2024 · Published on November 8, 2024. Internal Revenue Service Revenue Procedure 2024-47 addresses the federal tax status and reporting requirements for … Web* All HAF participants are required to submit financial reports annually (Q3 reporting cycle). In other periods (Q1, Q2, Q4), reporting is required from all states and territories but only required from tribal participants with awards of $5,000,000 or more, which may result in tribal totals being lower in Q1, Q2, and Q4 relative to Q3 due to ... dr muth weserstr
Homeowner Assistance Fund - FAQs - VA Home Loans
WebMay 6, 2024 · If a mortgage servicer receives information (for example, from the state or through the state’s online HAF notification) confirming that the Veteran-borrower has applied for HAF funds, loan servicers can place the loan in a 60-day forbearance status and suspend foreclosure actions. WebFor additional assistance, contact our Call Center at 1-833-651-3874. Applications are reviewed to determine whether the homeowner qualifies for program assistance. Check the status of your application here. Payments are sent directly to the mortgage servicer or property charge payee (tax authority, insurance company, or homeowner/condo ... Web• 35% of HAF homeowners self-identified as Black and 20% self-identified as Latino; and • 64% of HAF beneficiaries were female. As rising interest rates further strain housing affordability, particularly for homeowners with lower incomes, HAF funds continue to serve as a crucial resource to assist in resolving dr. muthyala chester va