General World News

HUD announces relief for Arkansas homeowners impacted by tornadoes

The U.S. Department of Housing and Urban Development (HUD) announced several new relief provisions on Wednesday that are designed to assist Arkansa homeowners that were impacted by the tornadoes that swept through the region at the end of March.

Relief provisions are available immediately, including a 90-day moratorium on foreclosures for homeowners with mortgages insured by the Federal Housing Administration (FHA), as well as mortgages to Native American borrowers guaranteed under the Section 184 Indian Home Loan Guarantee program.

A 90-day extension period is also automatically granted to impacted borrowers of the FHA-insured Home details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com