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Home » Store » News » FHA Offers Mortgage Assistance to Hurricane Victims, Extends Foreclosure Moratorium

FHA Offers Mortgage Assistance to Hurricane Victims, Extends Foreclosure Moratorium

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The Department of Housing and Urban Development announced this week it will make temporary mortgage payments for hurricane victims with FHA-insured mortgages, as the mortgage industry scrambles to extend mortgage relief programs implemented soon after Hurricane Katrina struck the Gulf Coast in late August. HUD will make advance mortgage payments on behalf of qualified borrowers for up to 12 months. The program, outlined in Mortgagee Letter 2005-46, is designed to help borrowers whose homes can…
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