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FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

FHA Extends Foreclosure Moratorium to Wildfire Victims in Maui

by Phil Hall | May 7, 2024 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

The Federal Housing Administration (FHA) is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, Hawaii, through Jan. 1, 2025. The extension will provide homeowners impacted by the August 2023 wildfires with more time to obtain...
HUD Announces Final Rule for Federal Flood Risk Management Standard

HUD Announces Final Rule for Federal Flood Risk Management Standard

by Phil Hall | Apr 22, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) published a Federal Flood Risk Management Standard (FFRMS) final rule in the Federal Register designed to help communities prepare for and reduce flood damage. According to HUD, the final rule updates two of...
HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

HUD Updates Multifamily Insurance Deductibles, Citing Wind and Storm Coverage Costs

by Phil Hall | Apr 18, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has updated its policies for wind and named storm insurance coverage required for multifamily properties financed with a Federal Housing Administration (FHA)-insured mortgage. According to HUD, the updates are...
HUD Offers New Initiatives for Manufactured Housing

HUD Offers New Initiatives for Manufactured Housing

by Phil Hall | Mar 1, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) has announced its Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program, which is designed to preserve and revitalize manufactured housing and manufactured housing communities....
FHA Launches New Loan Modification Option

FHA Launches New Loan Modification Option

by Phil Hall | Feb 21, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Administration (FHA) is rolling out a new loss mitigation home retention option aimed at delinquent borrowers with FHA-insured single-family forward mortgages. The new option is called the Payment Supplement and it allows mortgage servicers to...
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