FHA Introduces More Measures to Help Homeowners Struggling Due to COVID-19
On June 25, 2021, the Federal Housing Administration (FHA) announced more measures to help homeowners with FHA-insured mortgages who are struggling financially due to the COVID-19 pandemic. These measures will provide additional, immediate relief while also expanding outreach and home retention options for struggling homeowners who are disproportionately people of color.
- One-month extension of foreclosure and eviction moratoria
- Expanded initial forbearance request timeframes
- New outreach to struggling homeowners provide expanded recovery help
Read HUD's HUD Press Release.
Read HUD's Mortgagee Letter 2021-15: Extension of the Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency, Further Expansion of the COVID-19 Forbearance and the COVID-19 Home Equity Conversion Mortgage (HECM) Extensions, and Establishment of the COVID-19 Advance Loan Modification (COVID-19 ALM).
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