Trending...
- Digital Watchdog Launches New myDW Cloud Services
- Atlas Home Improvement Launches Annual Helmet for Heroes Giveaway on July 4, 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
Media Contact: Laura Hall, 517-290-3779, halll17@michigan.gov
Consumer Hotline: 877-999-6442, www.michigan.gov/DIFScomplaints
FOR IMMEDIATE RELEASE: June 25, 2020
LANSING, MICH. June is American Housing Month and the Michigan Department of Insurance and Financial Services (DIFS) is raising awareness about ways Michiganders can protect their homes through lender programs for those impacted by COVID-19 and through insurance policy reviews to make sure they have the coverage they need before they need it.
"It is important to make sure homeowners understand how to financially protect their homes, especially as we recover from the COVID-19 pandemic," said DIFS Director Anita Fox. "American Housing Month is a great opportunity to review lender programs and insurance policies to make sure you have the financial protection you need all year long."
The COVID-19 pandemic has had a profound financial impact on many homeowners, and help is available. DIFS has compiled information for Michigan homeowners struggling to make their mortgage payments in a publication available online. The Coronavirus Aid, Relief, Economic Security Act provides help to those with federally backed mortgages, giving homeowners forbearance options and protection from extra fees or interest. In addition, Governor Gretchen Whitmer and DIFS launched the MiMortgage Relief Partnership, a cooperative agreement between more than 230 banks, credit unions and mortgage servicers in Michigan to provide mortgage relief to Michigan homeowners experiencing a COVID-19 related financial hardship. Learn more about the MiMortgage Relief Partnership at Michigan.gov/MiMortgageRelief.
More on Michimich.com
"No one facing financial hardship due to this pandemic should lose their home, and DIFS is working hard to provide guidance to affected borrowers during this unprecedented time," said Fox. "Homeowners experiencing difficulty paying their mortgage should contact their lender right away to learn what relief options they have available."
Homeowners should also consider reviewing their insurance policies with their agent or insurance company to understand their coverage and any new discounts available, including for recent home improvements or going without a claim for a certain amount of time. This insurance review is a good opportunity to understand the risks you may still face and consider adding new coverage, for example to cover flood damage or water back-up. Additional information about homeowners insurance is available on the DIFS website.
Consumers who need assistance with their insurance or financial services company can also contact DIFS Monday through Friday from 8 a.m. to 5 p.m. at 877-999-6442, or file a complaint at Michigan.gov/DIFScomplaints.
Information around the COVID-19 outbreak is changing rapidly. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.
More on Michimich.com
The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan citizens. For more information, visit www.michigan.gov/difs or follow the Department on Facebook, Twitter, or LinkedIn.
Consumer Hotline: 877-999-6442, www.michigan.gov/DIFScomplaints
FOR IMMEDIATE RELEASE: June 25, 2020
LANSING, MICH. June is American Housing Month and the Michigan Department of Insurance and Financial Services (DIFS) is raising awareness about ways Michiganders can protect their homes through lender programs for those impacted by COVID-19 and through insurance policy reviews to make sure they have the coverage they need before they need it.
"It is important to make sure homeowners understand how to financially protect their homes, especially as we recover from the COVID-19 pandemic," said DIFS Director Anita Fox. "American Housing Month is a great opportunity to review lender programs and insurance policies to make sure you have the financial protection you need all year long."
The COVID-19 pandemic has had a profound financial impact on many homeowners, and help is available. DIFS has compiled information for Michigan homeowners struggling to make their mortgage payments in a publication available online. The Coronavirus Aid, Relief, Economic Security Act provides help to those with federally backed mortgages, giving homeowners forbearance options and protection from extra fees or interest. In addition, Governor Gretchen Whitmer and DIFS launched the MiMortgage Relief Partnership, a cooperative agreement between more than 230 banks, credit unions and mortgage servicers in Michigan to provide mortgage relief to Michigan homeowners experiencing a COVID-19 related financial hardship. Learn more about the MiMortgage Relief Partnership at Michigan.gov/MiMortgageRelief.
More on Michimich.com
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- CMR Mechanical Shares 5 Signs Your AC May Be in Desperate Need for Repair
- Michigan SEO Group Shares 5 Proven Ways to Boost Social Media Engagement for Small Businesses
- Mussio Painting Shares The Benefits of Working with Professional Painters in Ann Arbor
"No one facing financial hardship due to this pandemic should lose their home, and DIFS is working hard to provide guidance to affected borrowers during this unprecedented time," said Fox. "Homeowners experiencing difficulty paying their mortgage should contact their lender right away to learn what relief options they have available."
Homeowners should also consider reviewing their insurance policies with their agent or insurance company to understand their coverage and any new discounts available, including for recent home improvements or going without a claim for a certain amount of time. This insurance review is a good opportunity to understand the risks you may still face and consider adding new coverage, for example to cover flood damage or water back-up. Additional information about homeowners insurance is available on the DIFS website.
Consumers who need assistance with their insurance or financial services company can also contact DIFS Monday through Friday from 8 a.m. to 5 p.m. at 877-999-6442, or file a complaint at Michigan.gov/DIFScomplaints.
Information around the COVID-19 outbreak is changing rapidly. The latest information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.
More on Michimich.com
- Family Caregivers in Michigan Can Now Get Paid Through Medicaid with Family Aide Home Care
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan citizens. For more information, visit www.michigan.gov/difs or follow the Department on Facebook, Twitter, or LinkedIn.
0 Comments
Latest on Michimich.com
- Cynthia Pinot Among Artists Selected for Renowned London Art Biennale 2025
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- Top 5 Mistakes Entrepreneurs Make When Applying for SBA Loans
- Michigan Computer Supplies Expands Reach into Livingston County with New Brighton Service Offerings
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
- Delta Industrial Provides Custom Flatwork for Factory Floors
- American Plastic Solutions Launches FAQ to Provide Tailored Plastic Fabrication Solutions
- AdviCoach of Southeast Michigan Helps Business Owners at Every Stage
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
- New Podcast "Spreading the Good BUZZ" Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives
- The Herbal Care, Led by Markel Bababekov, Becomes a Top Dispensary in NYC's Upper East Side
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Atlas Home Improvement Launches Annual Helmet for Heroes Giveaway on July 4, 2025
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors