HUD Extends Date to Approve COVID-19 Forbearance and HECM Extension
By EsqSocial Corporation 23/10/20
In Mortgagee Letter 2020-34, dated October 20, 2020, the U.S. Department of Housing and Urban Development (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 October 30, 2020 to December 31, 2020....
By: Ballard Spahr LLP