Tag Archives: Hurricanes Harvey/Irma/Maria

Fed Study: Credit Key to Small Business Recovery after Disasters

Amid a record-setting wave of disaster losses in 2017 -- including from Hurricanes Harvey, Irma and Maria, plus wildfires in the West -- small businesses’ insurance gaps meant that credit availability was a key factor in their ability to recover, according to a report today from the Federal Reserve Banks of New York, Dallas, Richmond and San Francisco.

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FHA Offers Additional Relief to Borrowers in Disaster Areas

The Federal Housing Administration today announced a new option that allows FHA-insured homeowners whose homes were damaged by recent natural disasters to remain in their homes, and also reduces losses that would otherwise negatively affect FHA’s mutual mortgage insurance fund.

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