The Federal Housing Administration (FHA) is taking proactive steps to inform mortgage lenders and borrowers about the available assistance options in the aftermath of Hurricane Helene. As the fallout from the powerful storm continues to be measured, FHA is emphasizing the importance of supporting those affected by natural disasters through various relief programs.
Key points highlighted by FHA include:
– Providing guidance to mortgage lenders on how to help borrowers impacted by Hurricane Helene
– Offering forbearance options for borrowers struggling to make mortgage payments due to storm-related financial hardships
– Stressing the importance of working with borrowers on a case-by-case basis to find the most suitable solutions for their specific circumstances
In light of the ongoing challenges faced by individuals and communities affected by Hurricane Helene, FHA’s efforts to inform and support mortgage lenders and borrowers will play a crucial role in facilitating recovery and ensuring housing stability for those in need.
You can read this full article at: https://www.housingwire.com/articles/fha-reiterates-loss-mitigation-options-as-helene-devastation-continues/(subscription required)
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