The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

The guidance applies to origination and servicing for both traditional forward mortgages as well as Home Equity Conversion Mortgages (HECMs) for senior borrowers, the agency said.

“In the wake of the devastation caused by Hurricane Helene, the [FHA] reminds mortgagees about its guidance for originating and/or servicing FHA-insured forward mortgages and [HECMs] in locations details ⇒

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