FHA Extends Protections For Borrowers Impacted By COVID-19

FHA Extends Protections For Borrowers Impacted By COVID-19

HECM borrowers who have been impacted by COVID-19 and are facing foreclosure have been granted an extension through March 31, 2021 to request a six-month delay in having their loans called due and payable.

Details were provided in Mortgagee Letter 2021-04.

ML 2021-04 also provided a six-month extension for homeowners seeking forbearance relief.