HUD: FHA Extends Foreclosure Relief for Homeowners Impacted by Recent Hurricanes
The Federal Housing Administration (FHA) is extending its initial 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and Maria for an additional 90 days due to the extensive damage and continuing needs in hard-hit areas. Read FHA’s letter to lenders, servicers and counseling agencies. FHA is extending this foreclosure relief in Presidentially…
HUD: Additional $58 Million Allocated to Help Texas Recover from Hurricane Harvey
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today allocated an additional $57.8 million to help Texas recover from Hurricane Harvey. The grant announced today is provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants already allocated to the State of Texas from disasters that occurred in…
Joint Release: Agencies Issue Temporary Exceptions to Appraisal Requirements in Areas Affected by Recent Hurricanes
Responding to widespread damage caused by Hurricanes Harvey, Irma, and Maria, four federal financial institution regulatory agencies today took action to facilitate the recovery process by temporarily easing appraisal requirements for real estate-related financial transactions in areas declared to be a major disaster. The agencies will not require financial institutions to obtain appraisals for affected…
Federal Reserve: FEDS Notes | Natural Disasters and the Measurement of Industrial Production: Hurricane Harvey, a Case Study
Kimberly Bayard, Ryan Decker, and Charles Gilbert The Federal Reserve’s G.17 release on industrial production (IP) and capacity utilization published on September 15, 2017, included one of the first estimates of the impact on a specific measure of economic activity by Hurricane Harvey, which made landfall in Texas on August 25. As reported in the…
HUD: Letter From HUD Secretary Ben Carson To The People Of Texas On Hurricane Harvey Relief
As Texas rebuilds in the wake of Hurricane Harvey, the U.S. Department of Housing and Urban Development (HUD) is committed to ensuring safe, affordable housing for all those affected by the disaster. HUD is tasked with comprehensive, long-term disaster relief and has been working on the front lines in Texas. We are your ear on…
HUD: Disaster Assistance for Puerto Rico Storm Victims Announced
Today, President Trump issued a major disaster declaration for Aguas Buenas, Aibonito, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamón, Caguas, Canóvanas, Carolina, Cataño, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Dorado, Fajardo, Florida, Guayama, Guaynabo, Gurabo, Humacao, Jayuya, Juana Díaz, Juncos, Las Piedras, Loíza, Luquillo, Manati, Maunabo, Morovis, Naguabo, Naranjito, Orocovis, Patillas, Ponce, Rio Grande, Salinas,…
HUD: Disaster Assistance for U.S. Virgin Islands Storm Victims Announced
U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the U.S. Virgin Islands and provide support to homeowners and low-income renters forced from their homes due to Hurricane Maria. Today, President Trump issued a major disaster declaration for St. Croix Island. The President’s declaration allows HUD to offer foreclosure relief…
HUD: Disaster Assistance Available for Florida Storm Victims
U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the State of Florida and provide support to homeowners and low-income renters forced from their homes due to Hurricane Irma. This week, President Trump issued a major disaster declaration for Broward, Charlotte, Clay, Collier, Duval, Flagler, Hillsborough, Lee, Manatee, Miami-Dade, Monroe, Palm…
CFPB: A Financial Toolkit for Victims of Hurricanes Harvey and Irma
When a catastrophe like Hurricane Harvey or Hurricane Irma happens, your world can be turned upside down. During these tough times, it may be difficult to know who to trust and where to look for guidance and assistance, as well as what financial steps to take as you begin recovering. These are a few organizations…