MI Dept. of Insurance: Pandemic Mortgage Relief Program Deadline Within One Week


LANSING, Michigan (WLNS) – The Michigan Department of Insurance and Financial Services (DIFS) says the deadline for the MiMortgage Relief Partner Program is only a week away.

This program was launched in April 2020 and extended into 2021 to ensure that no one facing financial hardship due to COVID-19 loses their home during this public health crisis. As time is running out to seek help under this program, it is imperative that Michiganders who are struggling to make their mortgage payments contact their lender before December 31, 2021, to reach a relief deal.

Anita Fox, Director of DIFS

The partnership is with over 240 financial institutions, affected homeowners who contact participating lenders or mortgage companies. which allows the Michiganders to apply for a mortgage relief agreement.

The following options are available for those interested in the MiMortgage program:

  • A 90-day grace period or forbearance for mortgage payments. Financial institutions will offer affected borrowers the option of reducing or delaying monthly mortgage payments, or providing other appropriate relief. In addition, financial institutions:
  • Provide a streamlined process for requesting forbearance for reasons related to COVID-19;
  • Share information about the terms of their forbearance program, including timely approval notifications to eligible customers;
  • Offer reasonable solutions for resuming payments at the end of the forbearance period;
  • Cover taxes, insurance or other overdue charges and allow clients to make up for future payments by adding these costs to the loan principal balance; and
  • Offer borrowers the option to extend a forbearance agreement if they continue to experience difficulties due to COVID-19.
  • 90-day late payment and mortgage loan waiver.
  • Protection against foreclosure or eviction for 90 days.
  • Credit Score Protection. Financial institutions will not report negative credit rating information for affected borrowers. Financial institutions will report other credit information that meets guidelines from the Consumer Financial Protection Bureau or other federal agencies.
  • Individual assistance for specific needs or concerns.Financial institutions may offer other support to affected borrowers to meet specific requests, needs or concerns. For example, issues related to escrow and tax and insurance payments may require more one-on-one assistance.

Enrollment in the program is not automatic and consumers who can make their mortgage payments should continue to do so.

Those who borrow are encouraged to contact their lenders before they fall behind in their payments.

If you haven’t been able to make your mortgage payments, immediately contact their lender or service agent for forbearance options and repayment plan assistance.

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