The Federal Housing Administration (FHA) on Tuesday issued a waiver on quality control (QC) reviews for some newly distressed mortgages in Southern California as homeowners continue to grapple with the effects of the January 2025 wildfires.

The FHA typically requires reviews for mortgages 60 days past due within six months of origination to ensure underwriting compliance. But QC reviews will be waived for loans on homes in Los Angeles County — which was designated as a federal disaster area due to the wildfires — if they closed before Jan. 7, 2025, and hit the 60-day delinquency details ⇒

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