FHA issued Mortgagee Letter 2017-10, extending the 203(h) mortgage insurance eligibility period for disaster victims located in specific presidentially-declared major disaster areas (PDMDAs) in Louisiana. To be eligible for 203(h) mortgage insurance, the mortgage insurance application must be submitted within one year of the date the PDMDA is declared, unless an additional period of eligibility is provided. The Mortgagee Letter extends the period of eligibility to September 8, 2017 for the following PDMDAs: Louisiana Severe Storms and Flooding (DR-4263) declared on March 13, 2016; and, Louisiana Severe Storms and Flooding (DR-4277) declared on August 14, 2016.
FHA
FHA Waives Early Payment Default Review Requirements for Properties Impacted by California Wildfires
FHA issued a waiver regarding early payment default review requirements for properties impacted by the California wildfires. FHA currently requires lenders to select all early
April 2, 2025
