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 January 13, FHA INFO 2022-03 announced the Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2022-01, Expansion of the Exclusive Listing Period for HUD Real Estate Owned Properties. This ML aligns with the Biden Administration’s efforts to increase the supply of affordable housing to first-time, low- and moderate-income homebuyers by extending the time that the Department of Housing and Urban Development (HUD) real estate owned properties are exclusively available to owner-occupant, HUD-approved nonprofit, and government buyers.
Click here to access the online FAQ site.
Interagency COVID-19 Forbearance Fact Sheet for Consumers