COVID-19: For HECM borrowers impacted by the COVID-19 pandemic, must mortgagees delay requesting due and payable approval for HECMs when the borrower is no longer occupying the property, and the borrower requests the delay?

Yes. Mortgagees must delay submitting a request to call the HECM due and payable upon request of the borrower impacted by the COVID-19 pandemic.

HQ Policy Determination – COVID-19 guidance

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: KA-05463