Wed Oct 9 8:19:34 EDT 2024
Home#ForeclosurepediaNationGuidance for FHA-Approved Mortgagees Regarding Presidentially Declared Major Disaster Areas

Guidance for FHA-Approved Mortgagees Regarding Presidentially Declared Major Disaster Areas

FHA Press Release FHA INFO 2024-69

FHA INFO 2024-69

In the wake of the devastation caused by Hurricane Helene, the Federal Housing Administration (FHA) reminds mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECM) in locations in the U.S. and its territories where the President has declared a Major Disaster under the Stafford Act. This declaration is made when natural disasters or other events are of such severity that it is beyond the combined capabilities of state and local governments to respond.

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