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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 54 August 2025 J O U R N A L The Kerr County Presidentially Declared Major Disaster Area (PDMDA) has over 900 mortgages insured by the FHA. In order to determine the extent of the destruction and damage to properties in the designated area that have FHA-in- sured mortgages, HUD is collaborating with mortgage servicers and other stakeholders. HUD Acts to Support Flood Victims By giving families in the PDM- DA flexibility, the FHA-insured single family mortgage foreclosure moratorium demonstrates HUD's dedication to helping Americans affected by natural disasters: • The 90-day moratorium prohibits mortgage servicers from initiating or completing foreclosure actions on FHA-insured single-family forward or Home Equity Conversion mort- gages in the Kerr County PDMDA. The moratorium is effective as of the President's disaster declaration date. • Borrowers unable to make their mortgage payments should contact their mortgage servicer for assistance as soon as practical. Borrowers may also contact the FHA Resource Center at 800-CALL-FHA (1-800-225-5342) for assistance. The FHA Resource Center is prepared to accept calls from per- sons who are deaf or hard of hearing, as well as individuals with speech or communication disabilities. • For borrowers and renters who need immediate housing and disaster recovery assistance, HUD-certified housing counselors are prepared to provide guidance on the options that are available. To find a HUD-ap- proved housing counseling agency, borrowers can use HUD's online search tool or use our phone search by calling 800-569-4287. • For borrowers whose homes are destroyed or damaged to an extent that requires reconstruction or complete replacement, contact an FHA-approved lender about FHA's Section 203(h) loan program. This program provides 100% financing for eligible homeowners to rebuild their home or purchase a new one. • For borrowers seeking to purchase and/or repair a home that has been damaged, contact an FHA-approved lender about FHA's Section 203(k) loan program. This program allows individuals to finance the purchase or refinance of a house, as well as the costs of repair or renovation, through a single mortgage. President Trump's major disaster declaration for the State of Texas is sup- ported by this action. FINANCIAL STRAIN IMPACTING EARLY AND MID-STAGE DELINQUENCIES A ccording to VantageScore's new CreditGauge platform, mortgage loans in May were the primary cause of an increase in early- and mid-stage delinquencies in all credit categories. The 30-59 Days Past Due (DPD) payment category experienced the most year over year rise in home loans. In May, mortgage delinquencies increased from 0.92% in the previous month to 1.03%, suggesting that the U.S. housing industry may be showing early warning signals of financial strain on borrowers. "The rise in early and mid-stage delinquencies this month indicates potential financial strain among some consumers," said Susan Fahy, EVP and Chief Digital Officer at VantageScore. "While consumer behavior generally remains positive, particularly among younger borrowers, mortgages may be an area to watch for increasing credit stress, particularly for traditionally less- risky segments with credit scores above VantageScore 660." Consumer Credit: Key Highlights — National • A surprise increase in delinquencies seen in mortgage loans: Mortgage payments are usually given priority by consumers above other credit payments. However, the 30-59 Days Past Due (DPD) payment category experienced the biggest year over year increase in May for home loans. In May, mortgage delinquencies increased to 1.03% from 0.92% the previous month. • Across the majority of credit tiers, early-stage delinquencies increase most: In May 2025, credit delinquen- cies in the VantageScore Nearprime, Serving Suffolk & Nassau Counties, NY Denise Beckman Licensed Real Estate Salesperson 631.428.5723 DBsellsREO@gmail.com Your Trusted REO & Distressed Property Specialist EXPERIENCE RESULTS LOCAL KNOWLEDGE Let Us Handle the Complexities —So You Don't Have To