ALEXANDRIA, Va. – Homeowners and corporate credit unions will get help under programs unveiled today by NCUA.

Natural person credit unions can apply to the Central Liquidity Facility through corporate credit unions to obtain funds needed to modify mortgage terms of certain borrowers, under a plan detailed today by the NCUA.

Under the Credit Union Homeowners Affordability Relief Program (CU HARP), unveiled last month, credit unions will be able to modify mortgage terms to assist delinquent borrowers or borrowers facing undue hardships.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.