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Recognizing the financial and other hardships many individuals and families are facing due to the ongoing COVID-19 pandemic, the Federal Housing Administration (FHA) is expanding its relief efforts to assist homeowners with FHA-insured mortgages.
On February 16, 2021, FHA published Mortgagee Letter (ML) 2021-05, “Extensions of Single Family Foreclosure and Eviction Moratorium, Start Date of COVID-19 Initial Forbearance, and Home Equity Conversion Mortgage (HECM) Extension Period; Expansion of COVID-19 Loss Mitigation Options”, FHA outlines multiple COVID-19 related policy extensions and expansions that are designed make it easier for mortgagees to provide FHA-insured homeowners with the assistance they need to retain their homes during these challenging times.
The updated guidance in this ML is effective immediately and applies to all FHA Title II Single Family programs. The ML:
For more information, please read Mortgagee Letter (ML) 2021-05 and the Press Release.
Please refer any questions to your HUD Point of Contact (POC) or email: housing.counseling@hud.gov
There are just 165 days remaining until the HUD housing counselor certification final compliance date on August 01, 2021. Don’t delay, certify today!
Disclaimer: This email list will often provide training opportunities, event notifications and other announcements for non-profit and government HUD Housing Counseling partners. HUD does not endorse these organizations, their sponsors, websites, the views they express or the products and services they may offer. For more information, please see HUD’s web policies.
Courtesy of HUD
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