Important Information Regarding Continuation of Business Operations Related to COVID-19
As it relates to COVID-19 (Coronavirus), the Federal Housing Administration (FHA) wants to assure its mortgagees and other interested stakeholders of its continued business operations in this evolving environment, should some or all its offices be required to close. This Question and Answer (Q&A) document has been prepared to address and provide answers to stakeholder questions regarding the continuity of FHA's business operations and any possible impacts. This Q&A will be revised as needed. Stakeholders are advised to regularly access this document for updates.
On September 16 in FHA INFO 20-67, the Federal Housing Administration (FHA) announced updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) systemās file format and layout.
On September 10, FHA INFO 20-66 announced that FHA published Mortgagee Letter (ML) 2020-30, FHA Underwriting Guidelines for Borrowers with Previous Mortgage Payment Forbearance; and Home Equity Reverse Mortgage Information Technology (HERMIT) System updates for COVID-19 related extensions.
Click here to access the online FAQ site.
Interagency COVID-19 Forbearance Fact Sheet for Consumers