HUD: Disaster Assistance Announced for Pennsylvania Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Pennsylvania affected by the remnants of Hurricane Ida from August 31 to September 5, 2021. On September 10, President Biden issued a major disaster declaration for the following counties: […]

HUD: Disaster Assistance Announced for California Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of California affected by the Caldor Fire beginning on August 14, 2021, and continuing. On September 12, President Biden issued a major disaster declaration for California due to the Caldor […]

HUD: Disaster Assistance Announced for Arizona Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Arizona affected by severe storms and flooding from July 22 to July 24, 2021. On September 13, President Biden issued a major disaster declaration for the following counties: Apache, Coconino, […]

HUD: Disaster Assistance Announced for New Jersey and New York Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of New Jersey and the State of New York affected by Hurricane Ida. On September 5, 2021 President Biden issued major disaster declarations for the New Jersey counties of Bergen, Gloucester, […]

HUD: Disaster Assistance Announced for Louisiana Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Louisiana affected by Hurricane Ida. On August 29, President Biden issued a major disaster declaration for the following parishes: Ascension, Assumption, East Baton Rouge, East Feliciana, Iberia, Iberville, Jefferson, […]

HUD: FHA Additional COVID-19 Recovery Options for Homeowners Announced

Streamlined COVID-19 Recovery “waterfall” includes broader payment reductions for those most in danger of losing their homes due to COVID-19 financial hardships The Federal Housing Administration (FHA) on July 23, 2021 announced streamlined COVID-19 Recovery options to help homeowners with FHA-insured mortgages who have been financially impacted by the COVID-19 pandemic bring […]

CFPB: Consumer Complaint Bulletin Highlights Consumers’ Difficulties During Pandemic

Spotty Responses by Companies Undermine COVID-19 Consumer Relief Related to Evictions, Economic Income Payments, and Student Loans The Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin covering several areas of concern related to relief provided in response to the COVID-19 pandemic, including the Centers for Disease Control and […]

FHFA: Use of Interest Rate Reduction Expanded to Help Borrowers with a COVID-19 Hardship Reduce Their Monthly Mortgage Payment

Changes to loan modification terms will help borrowers stay in their homes Today, the Federal Housing Finance Agency (FHFA) announced changes to loan modification terms for COVID-19 impacted borrowers with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) needing payment reduction for successful home retention. The updated terms […]