Tag Archives: Home Equity Conversion Mortgages (HECMs)

In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.

In an effort to assist borrowers impacted by Maui’s August wildfires, mortgage servicers will be prohibited from initiating or completing foreclosure actions through May 6, 2024.

The Department has issued federal disaster relief to the state of Hawaii, with nearly 3,100 single- and multifamily residential properties with a combined reconstruction value (RCV) of $1.3 billion located within three preliminary wildfire perimeters on the island of Maui.

Approximately 358,000 homes may have sustained damage from hail and/or tornadoes on March 31, according to the latest findings from CoreLogic.

New actions taken by the FHA will address the continued impact of the pandemic on individuals and families across the country at-risk of losing their home.