MCBC recognizes that the Coronavirus Disease (referred to as COVID-19) will adversely affect underbanked communities. MCBC has compiled the following resources from local community partners as well as guidance issued by state and federal regulators for use by financial institutions and consumers during this time.
State and Local Resources
MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE
MASSACHUSETTS ASSOCIATION OF COMMUNITY DEVELOPMENT CORPORATIONS
MASSACHUSETTS GROWTH CAPITAL CORPORATION
MASSACHUSETTS DIVISION OF BANKS
FEDERAL RESERVE BANK OF BOSTON
SMALL BUSINESS ADMINISTRATION (SBA)
FEDERAL HOUSING ADMINISTRATION (FHA)
Mortgagee Letter 2020-07: FHA’s Loss Mitigation Options for Single Family Borrowers Affected by the Presidentially-Declared COVID-19 National Emergency in Accordance with the CARES Act
Mortgagee Letter 2020-09: Implementation of the Coronavirus Aid, Relief, and Economic Security (CARES) Act Forbearance
Contact the FHA Resource Center:
- Visit our online knowledge base to obtain answers to frequently asked questions 24/7 at: www.hud.gov/answers.
- E-mail the FHA Resource Center at: firstname.lastname@example.org. Emails and phone messages will be responded to during normal hours of operation, 8:00 AM to 8:00 PM (Eastern), Monday through Friday on all non-Federal holidays.
- Call 1-800-CALLFHA (1-800-225-5342). Persons with hearing or speech impairments may reach this number by calling the Federal Relay Service at 1-800-877-8339.
For Mortgagees and Servicers:
FANNIE MAE AND FREDDIE MAC AND JOINT EFFORTS
Joint federal agency website