The Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced Monday the extension and addition of new COVID-19 mortgage relief options for homeowners with FHA home loans.
Borrowers of FHA loans who are struggling to make their monthly mortgage payments and are at risk of foreclosure due to the COVID-19 pandemic will be able to use Home Equity Conversion Mortgages (HECMs) to remain in their homes.
https://www.foxbusiness.com/personal-finance/biden-administration-extends-mortgage-relief-fha-loans
https://www.hud.gov/press/press_releases_media_advisories/HUD_No_21_160
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
