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 May 7, FHA INFO 21-28 announced the the Federal Housing Administration (FHA) provided clarification regarding the review of borrowers in a pandemic-related forbearance for a COVID-19 loss mitigation option.
On May 6, FHA INFO 21-27 announced the FHA published Mortgagee Letter (ML) 2021-11, Amendments to HUD’s Non-Borrowing Spouse Policy for all Home Equity Conversion Mortgage (HECM) Loans. This ML implements additional protections for eligible non-borrowing spouses (NBS) on all HECMs.
Click here to access the online FAQ site.
Interagency COVID-19 Forbearance Fact Sheet for Consumers