Since Aug. 13, the U.S. Department of Housing and Urban Development (HUD) announced disaster relief for six states following major disasters like hurricanes and tornadoes, implementing federal disaster assistance consisting of grants and low-cost loans to support recovery efforts in affected areas.
Each state included in these relief efforts has received a 90-day moratorium on foreclosures of mortgages insured by the Federal Housing Administration (FHA), along with a 90-day extension for federally insured reverse mortgages.
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