General World News

Thousands of government-backed mortgages impacted by Maui fire

The U.S. Department of Housing and Urban Development (HUD) this week announced a package of regulatory and administrative waivers that will allow the use of HUD funding to assist with the recovery of Maui after the island endured a series of devastating wildfires. The waivers come as thousands of government-backed mortgages on the island have been impacted by the disaster, according to data released by the office of Hawaii Gov. Josh Green (D).

Based on the data, 5,200 mortgages serviced by Freddie Mac, 9,800 mortgages serviced by Fannie Mae and 2,400 mortgages serviced by Ginnie details ⇒

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