What Happens to Your Mortgage If Your Home is Damaged in a Wildfire

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  TNB Tech Minute gives you the day's top tech headlines from the big names in Silicon Valley to the halls of power.

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  If it's making news in tech, we've got it.

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  Check out TNB Tech Minute in the tech news briefing feed from the Wall Street Journal.

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  Here's your money briefing for Tuesday, January 21st.

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  I'm Mariana Asburu for the Wall Street Journal.

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  The historic wildfires across Los Angeles have left at least 25 people dead,

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  displaced thousands of residents, and destroyed more than 12,000 structures across multiple areas of the city.

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  So what happens to the mortgage on a home that's been damaged in a fire?

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  Bar wars are still ultimately on the hook for a loan and any mispayments, so they have to pay them whether or later.

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  And I know it can seem like it might not make sense to keep paying a mortgage on a house that,

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  for example, burned down, especially if you lost your job because of an actual disaster.

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  Wall Street Journal reporter Gina Hebe joins me to discuss what options homeowners have after the break.

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  Bar wars whose homes burned in recent fires across Southern California are still on the hook for their mortgage.

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  Wall Street Journal reporter Gina Hebe joins me.

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  Gina, what options do homeowners have if they're impacted by natural disasters like the wildfires out in California?

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  So homeowners do have options.

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  A lot of mortgages in this country are backed by Fannie Mae and Freddie Mac,

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  and those loans are required to offer forbearance in the case of natural disasters,

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  and there are similar loans through the Federal Housing Administration and the Department of Veteran Affairs,

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  where it's a similar case,

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