The Mortgagee may utilize any available method for communicating with a Borrower regarding a COVID-19 Forbearance to meet these requirements. Acceptable methods of communication regarding a COVID-19 Forbearance include, but are not limited to, emails, text messages, fax, teleconferencing, websites, web portals, etc. If a Mortgagee sends out a general communication advising that a COVID-19 Forbearance is available, the Borrower may reply to that communication requesting a COVID-19 Forbearance via email, phone call, or any other method of communication clearly made available to the Borrower by the Mortgagee.
No COVID-19 Forbearance period may extend beyond six months after the end of the COVID-19 National Emergency or September 30, 2022, whichever is later.
- Initial COVID-19 Forbearance Requested on or before June 30, 2020
- Initial COVID-19 Forbearance Requested between July 1, 2020 and September 30, 2020
- Initial COVID-19 Forbearance Requested between October 1, 2020 and June 30, 2021
- Initial COVID-19 Forbearance Requested between July 1, 2021 and September 30, 2021
- Initial COVID-19 Forbearance Requested between October 1, 2021 and the End of the COVID-19 National Emergency
- the Borrower has utilized a full six months of initial COVID-19 Forbearance; and
- the initial COVID-19 Forbearance will expire on or before the end of the COVID-19 National Emergency.
This COVID-19 Forbearance period must not extend beyond six months after the end of the COVID-19 National Emergency or September 30, 2022, whichever is later. The maximum COVID-19 Forbearance period for these Borrowers is 12 months.
A table view of the Forbearance Extension by Initial Forbearance Date is available at https://hudgov.dynamics365portals.us/knowledge-details/?code=KA-05962
The term of the initial and any additional COVID-19 Forbearance period may be shortened at the Borrower’s request.
The Mortgagee must waive all Late Charges, fees, and penalties, if any, as long as the Borrower is on a COVID-19 Forbearance Plan.
Any Borrower who is granted a COVID-19 Forbearance and is otherwise performing as agreed is not considered to be delinquent for purposes of credit reporting.
For additional FHA Policy Information, see:
Handbook 4000.1 III.A.2.o.i at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh