USDA HB-1-3555 18.2: OVERVIEW

Document
USDA HB-1-3555, Single Family Housing Guaranteed Loan Program Technical Handbook
Version in Zeitro Strata
Where
pages 337–338 of 551

Page 337

18.2 OVERVIEW

A goal of the Agency is to provide a borrower the maximum opportunity to remain a successful homeowner and the servicer should approach loan servicing as a preventive as well as a curative action. Prompt counseling and follow-up with a borrower who is late

Page 338

with a monthly payment, especially the first payment, is key to enhancing the likelihood of success. The servicer should identify any servicing actions that could aid a borrower who is experiencing repayment problems.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.