COVID-19: Mortgagee Letter 2020-06 includes a COVID-19 Forbearance. How is this forbearance different than the Informal and Formal Forbearance from HUD’s Priority Waterfall?

The COVID-19 National Emergency forbearance is not a written agreement; it must be approved, upon borrower request, for up to six months and extended up to and additional six months, upon borrower request. The COVID-19 Forbearance may only be offered under the guidance of this COVID-19 National Emergency.  
For additional information see Mortgagee Letter 2020-06 available at:

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 and on the website.
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-05467