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ARTICLE · 24 DECEMBER 2020

HUD Extends Various COVID-19 Policies

Ballard Spahr LLP
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In a series of Mortgagee Letters, each dated December 17, 2020, the U.S. Department of Housing and Urban Development (HUD) extended the dates of various policies addressing the COVID-19...

United StatesCoronavirus (COVID-19)
Richard J. Andreano, Jr.
Richard J. Andreano, Jr.
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In a series of Mortgagee Letters, each dated December 17, 2020, the U.S. Department of Housing and Urban Development (HUD) extended the dates of various policies addressing the COVID-19 national emergency.

In Mortgagee Letter 2020-44, HUD extended the date for approving an initial COVID-19 forbearance with an FHA loan, or a COVID-19 extension with a home equity conversation mortgage (HECM) loan (i.e., a reverse mortgage loan), from December 31, 2020, to February 28, 2021. The means of communication with borrowers regarding a COVID-19 forbearance and the terms of a COVID-19 forbearance remain the same as established in Mortgagee Letter 2020-06 and Mortgagee Letter 2020-22. The guidance applies to all FHA Title II single-family mortgage programs.

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