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Washington
Inside Washington (09/03/2008)
* WASHINGTON (9/4/08)--The Federal Housing Authority has published notice in the Federal Register that it will impose a one-year moratorium as of Oct. 1 on risk-based premium pricing structure it was poised to set for most Title II single-family mortgage loans. The implementation delay is because of a provision in the Housing and Economic Recovery Act of 2008, signed into law on July 30, which the FHA said places the one-year moratorium on FHA's implementation and carrying out of its risk-based premium structure ... * WASHINGTON (9/4/08)--The Department of Housing and Urban Development (HUD) announced a 90-day foreclosure moratorium in 34 parishes throughout Southern and Central Louisiana to help homeowners and other low-income renters affected by Hurricane Gustav. HUD recommends that loan servicers take action such as special forbearance, loan modification, refinancing and a late charges waiver. HUD also is offering its National Housing Locator System, which combines vacant sales and rental housing data from federal housing resources and three commercial apartment locations ... * WASHINGTON (9/4/08)--The Federal Deposit Insurance Corp. (FDIC) also announced guidance to help financial institutions and to facilitate recovery in Alabama, Mississippi, Louisiana and Texas after Hurricane Gustav .... * WASHINGTON (9/4/08)--The Internal Revenue Service is providing tax relief to victims of Hurricane Gustav in affected areas of Louisiana by postponing deadlines for taxpayers until Jan. 5, 2009. The postponement applies to return filing, tax payment and other time-sensitive acts due between Sept. 1 and Jan. 5, 2009. This includes individual estimated tax payments due Sept. 15, corporate extended 1120 tax returns due Sept. 15 and individual extended 1040 tax returns due Oct. 15 ...


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