Important Information Regarding Continuation of Business Operations Related to COVID-19
As it relates to COVID-19, FHA wants to assure its mortgagees and other interested stakeholders of its continued business operations in this evolving environment. Frequently Asked Questions (FAQs) have been prepared to address and provide answers to questions regarding the continuity of FHA's business operations and any possible impacts. The FAQs will be revised as needed and stakeholders are advised to regularly access them for updates.
On September 27, FHA INFO 2022-86 announced that the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2022-17, Consideration of Positive Rental Payment History for First-Time Homebuyers in Forward Mortgage Purchase Transactions. This ML updates FHA’s Technology Open To Approved Lenders (TOTAL) Mortgage Scorecard to include a borrower’s positive rental payment history as part of the credit risk analysis when applying for FHA-insured financing.
Click here to access the online FAQ site.
Interagency COVID-19 Forbearance Fact Sheet for Consumers