NAHMA Disaster Recovery Update: Mortgage Assistance Options and Emergency Preparedness 101 Meeting in Puerto Rico
We continue to keep those affected by Hurricane Florence and other disasters in our thoughts. Below, please find updates regarding mortgage assistance options, guidance for FHA-Approved Mortgagees and Servicers, and an invitation to a Multifamily Stakeholder Disaster Recovery Meeting in Puerto Rico on September 25, 2018.
The Federal Housing Administration (FHA) sent a reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward and reverse mortgages in locations with a Presidential Disaster Declaration. Click here to read more.
Fannie Mae (FNMA/OTC) is reminding those impacted by Hurricane Florence of the options available for mortgage assistance. Under Fannie Mae’s guidelines for single-family mortgages, homeowners impacted by Hurricane Florence are eligible to stop making mortgage payments for up to 12 months, during which time they will not incur late fees and will not have delinquencies reported to the credit bureaus. Click here to read more.
Please see the update below and the attached invitation regarding the HUD Caribbean Office’s Multifamily Stakeholder Disaster Recovery Meeting on September 25, 2018. Submit questions and register for the meeting by COB on September 21, 2018.