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The Federal Housing Administration will extend the foreclosure moratorium through Jan. 1, 2025, to help homeowners impacted by 2023 wildfires. FHA is taking this action due to the extent of the devastation from the wildfires, the reduced capacity for borrowers to access needed resources, and the unique challenges associated with the geographic location of Maui. ....
“We cannot pretend that we are still in the wake of a smoldering burn zone, and any roof over anyone’s head is an acceptable alternative. We are too far from that moment to not think about what is happening to the island of Maui, its economy and its people,” said Sen. Schatz. ....