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FHA Wildfire Mortgage Relief Waiver Protects CA Homeowners - American Faith

Summary by American Faith
The Department of Housing and Urban Development (HUD) announced Thursday a critical rule waiver for FHA-backed loans to assist homeowners affected by the recent California wildfires. HUD Secretary Scott Turner confirmed the change, which offers temporary relief from foreclosure procedures for borrowers in declared disaster areas. The waiver, effective April 1, 2025, suspends early payment default (EPD) review requirements for certain FHA-insured…

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HUD Secretary Turner Waives FHA Mortgage Rule to Help L.A. Rebuild

Secretary of Housing and Urban Development (HUD) Scott Turner announced Thursday that his department had waived a key rule that could affect Federal Housing Authority (FHA)-backed loans, to help victims of recent wildfires in Los Angeles. The post HUD Secretary Turner Waives FHA Mortgage Rule to Help L.A. Rebuild appeared first on Breitbart.

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American FaithAmerican Faith

FHA Wildfire Mortgage Relief Waiver Protects CA Homeowners - American Faith

The Department of Housing and Urban Development (HUD) announced Thursday a critical rule waiver for FHA-backed loans to assist homeowners affected by the recent California wildfires. HUD Secretary Scott Turner confirmed the change, which offers temporary relief from foreclosure procedures for borrowers in declared disaster areas. The waiver, effective April 1, 2025, suspends early payment default (EPD) review requirements for certain FHA-insured…

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HousingWireHousingWire

FHA grants QC waiver for post-wildfire delinquencies in LA County

The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires. The FHA typically requires reviews for mortgages 60 days past due within six months of origination to ensure underwriting compliance. But QC reviews will be waived for loans on homes in Los Angeles County — w…

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HousingWire broke the news in on Thursday, April 3, 2025.
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