Economic Event
Last updated 2026-08-01
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 2026-08-01
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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