PHFA May Be Lending Again.

Posted By Cliff Tuttle | March 18, 2012

No. 817

Rumor has it that the PHFA, which went out of the lending business last August, may be back in.  The reason is reputed to be the settlement between the Attorneys General of almost all states, including Pennsylvania, and the largest lenders over abusive practices, such as robosigning.

In 1983, Act 91 established the PHFA lending program which was intended to enable borrowers who had been delinquent on mortgage payments through no fault of their own, to catch up on delinquent payments.

CLT

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CLIFF TUTTLE has been a Pennsylvania lawyer for over 45 years and (inter alia) is a real estate litigator and legal writer. The posts in this blog are intended to provide general information about legal topics of interest to lawyers and consumers with a Pittsburgh and Western Pennsylvania focus. However, this information does not constitute legal advice and there is no lawyer-client relationship created when you read this blog. You are encouraged to leave comments but be aware that posted comments can be read by others. If you wish to contact me in privacy, please use the Contact Form located immediately below this message. I will reply promptly and in strict confidence.

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