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FHA Announces Updated Policy to Assist Homeowners Affected By 2017 Natural Disasters in Puerto Rico and the U.S. Virgin Islands
See Press Release from HUD.
The Federal Housing Administration (FHA) has announced the publication of Mortgagee Letter (ML) 2018-05, which revises the order of loss mitigation options for borrowers with FHA-insured mortgages whose property and/or place of employment is in the Presidentially-Declared Major Disaster Areas (PDMDAs) of Puerto Rico Hurricane Maria (DR-4339) or U.S. Virgin Islands Hurricane Maria (DR-4340).