FHA extended the 90-day foreclosure moratorium for properties affected by Hurricanes Harvey, Irma and Maria. The initial 90-day foreclosure moratoriums have been extended for an additional 90 days (until February 21, 2018 for Hurricane Harvey, March 9, 2018 for Hurricane Irma, and March 19, 2018 for Hurricane Maria).
FHA
FHA Updates Home Equity Conversion Mortgage Acceptable Monetary Investment Funding Sources
FHA issued Mortgagee Letter 2024-06, updating acceptable funding sources for satisfying a borrower’s monetary investment related to HECM for Purchase transactions. Per the Mortgagee Letter