The subsidy is automatically applied to the homeowner's monthly mortgage statement by the lender and helps pay a portion of the mortgage payment during the first seven years of homeownership. (buyersbrokersonly.com)
In addition, the CFBP will put in place rules so that borrowers will not be surprised buy sudden interest rate changes or fees and use clear monthly mortgage statements. (blog.dicksonrealty.com)
Because, some in house counsel somewhere decided that sending monthly mortgage statements after a bankruptcy filing might be a violation of (stopcreditor.com)