Alderman Khalif Rainey urges homeowners to take advantage of mortgage assistance programs

Posted at 2:32 PM, Oct 16, 2020
and last updated 2020-10-16 15:32:43-04

The coronavirus pandemic has put most people into some financial hardships. Alderman Khalif Rainey wants homeowners to be aware of all the mortgage assistance programs available to avoid foreclosure during the pandemic.

"I encourage all homeowners to take advantage of these resources and protect themselves from foreclosure as soon as possible," said Rainey.

Below are a few programs that offer assistance:

Federal loan programs:

  • CARES Act Mortgage Forbearance: The CARES Act and the guidance from the GSEs, the FHA, the VA, and the USDA, prohibit lenders and servicers from foreclosure through at least Dec. 31.

Milwaukee/Wisconsin programs:


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