Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Sandy foreclosure relief extended
WASHINGTON (2/4/13)--The Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac will extend expiring protections against foreclosure actions against homeowners whose properties were damaged or destroyed due to Hurricane Sandy.

The 90-day extension of the foreclosure moratorium applies to homeowners with properties in states declared major disasters by the president after the storm and it applies to the initiation of foreclosures and foreclosures already in process.

"Given the magnitude of this disaster, extending the moratorium on foreclosures and evictions will allow homeowners in the affected areas, and their servicers, the time needed to assess individual circumstances and options," said Federal Housing Finance Agency acting Director Edward DeMarco when announcing the extension late last week.

FHA is also suspending evictions of persons from properties secured by FHA mortgages in the affected counties through April 30.


RSS





print
News Now LiveWire
16.9% of U.S. homeowners underwater, down from peak 31.4% in 2012, reports @zillow http://t.co/EbILqY1HMz
15 hours ago
Breaking at #NewsNow: President Obama signs IOLTA bill into law. http://t.co/5N741Bygmn
16 hours ago
.@edmunds says the week between Christmas and New Year's is the busiest car shopping time of the year.
17 hours ago
.@CFPB sues Sprint for cramming 3rd-party service fees onto consumers' bills http://t.co/mhlMWqLKku
18 hours ago
#HomeDepot #databreach lawsuits consolidated in Georgia http://t.co/A4bei5z0mV
18 hours ago