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Biden administration extends additional mortgage relief options for FHA loans

pizzadude
Moderator Emeritus

Biden administration extends additional mortgage relief options for FHA loans

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

 

 

 

 

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