Last reviewed 08-20-2026Short-Sale.com Editorialglossary
Economic Event
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Economic Event
Economic Event refers to any occurrence beyond the Borrower’s control that results in loss of employment, loss of income, or a combination of both, which causes a reduction in the Borrower’s household income of 20 percent or more for a period of at least six months.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 14
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