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.
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