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 6, FHA INFO 2022-46 announced the Federal Housing Administration (FHA) is releasing updated frequently asked questions (FAQs) regarding the Department of Treasury's Homeowner Assistance Fund (HAF). The FAQs clarify when a mortgagee may place a foreclosure action on hold when a borrower has applied for or will be utilizing HAF funds.
On May 5, FHA INFO 2022-45 announced the FHA published Mortgagee Letter (ML) 2022-08, Expanding Affordable Housing Supply Through FHA’s Claims Without Conveyance of Title (CWCOT) Process, which supports the Biden Administration’s efforts to increase the supply of affordable housing and expand access to homeownership for low- and moderate-income homebuyers.
Click here to access the online FAQ site.
Interagency COVID-19 Forbearance Fact Sheet for Consumers