HUD: Foreclosure Relief Extended to More than One Million FHA Borrowers Recovering from Hurricanes Helene and Milton
Second extension of foreclosure moratoriums provides flexibility for disaster impacted communities Today, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending by an additional 90 days its existing foreclosure moratoriums on FHA-insured single family mortgages in the Presidentially-Declared Major Disaster Areas (PDMDAs) resulting from Hurricanes…
HUD: Disaster Aid & Financial Flexibility Announced for Kentucky Residents Impacted by Natural Disasters
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025 and continuing. “The best way to respond in the face…
OCC: Mortgage Performance for Fourth Quarter of 2024 Reported
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2024. The OCC Mortgage Metrics Report, Fourth Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
HUD: Foreclosure Relief Extended to Californians Impacted by Los Angeles County Wildfires
HUD Secretary Scott Turner announces 90-day extension of foreclosure moratorium on Federal Housing Administration (FHA) single family mortgages in impacted areas Today, the U.S. Department of Housing and Urban Development (HUD) is announcing a 90-day extension of its foreclosure moratorium on Federal Housing Administration (FHA)-insured single family mortgages in the areas of Los Angeles County,…
HUD: FHA Options Updated to Help Homeowners Keep Their Homes
Revised Federal Housing Administration loss mitigation waterfall includes updates to tools for mortgage servicers helping borrowers who fall behind on their mortgage payments. Today, the U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), announced an updated set of permanent options for mortgage servicers to help borrowers with FHA-insured single-family mortgages keep…
FHFA: Third Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its third quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,459 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
FHFA: Update of Enterprise Sales of Non-Performing Loans Released
The latest report on the transactions by Fannie Mae and Freddie Mac, intended to transfer credit risk and improve outcomes for borrowers, reflects a steady drop in delinquencies since the pandemic The Federal Housing Finance Agency (FHFA) today released a report on non-performing loans (NPLs) sold by by Fannie Mae and Freddie Mac (the Enterprises)…
HUD: Foreclosure Moratoriums Extended in Areas Devastated by Hurricanes Helene and Milton
Moratoriums on foreclosures will remain in effect through April 11, 2025, to provide more relief to affected borrowers with Federal Housing Administration-insured Single Family mortgages. Today, the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) announced it is extending through April 11, 2025, its foreclosure moratoriums for FHA-insured Single Family Title II forward…
FHFA: Second Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
OCC: Mortgage Performance Report for Second Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, a decrease…