If a borrower does not qualify for the COVID-19 Standalone Partial Claim at the end of the forbearance period, mortgagees must review the borrower for FHA’s loss mitigation options as outlined in the Single Family Housing Policy Handbook 4000.1, Section III.A.2.k HUD’s Loss Mitigation Options available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
Recently the HUD Deputy Secretary Brian Montgomery issued a YouTube video message speaking directly to homeowners with FHA-insured mortgages experiencing financial hardships caused by the COVID-19 emergency.
The video message can be viewed using the following links:
FHA continues to revise its FHA Single Family COVID-19 information as needed to keep stakeholders updated with the latest information about FHA’s response to the Presidentially-declared COVID-19 national emergency. Related information for FHA mortgagees, borrowers and other interested parties is available at https://www.hud.gov/program_offices/housing/sfh and on the https://www.hud.gov/answers website.
HQ Policy Determination – COVID-19 guidance