The COVID-19 National Emergency Forbearance is not a written agreement; it must be approved by the Mortgagee, upon borrower request, for up to six months and extended up to an additional six months, if needed, upon borrower request. The combined maximum COVID-19 Forbearance period must not exceed 12 months. The COVID-19 Forbearance may only be offered under the guidance of this COVID-19 National Emergency.
Mortgagees may approve eligible Borrowers requests for the initial COVID-19 Forbearance no later than February 28, 2021
For additional information, see:
- Handbook 4000.1 III.A.3.d.iii available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
- Mortgagee Letters 2020-06, 2020-22, 2020-34 and 2020-44 available at: https://www.hud.gov/program_offices/administration/hudclips/letters/mortgagee
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