Imminent Default
Last updated 08-20-2026
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 08-20-2026
Imminent Default
A Borrower facing Imminent Default is defined as a Borrower who is current or less than 30 Days past due on their Mortgage Payment and is experiencing a significant, documented reduction in income or some other hardship that will prevent them from making the next required Mortgage Payment during the month that it is due.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
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