FHA Mortgages

FHA Releases Up to date Webinar on COVID-19 Loss Mitigation Insurance policies | Weiner Brodsky Kider PC

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The FHA recently announced that it has made a pre-recorded webinar available that further breaks down their guidelines outlined in Mortgagee Letter 2021-15 (ML 21-15), which WBK previously covered here. In ML 21-15, the FHA extended the existing foreclosure and eviction moratoriums on all FHA-insured mortgages through July 31, 2021, with the exception of FHA-insured mortgages backed by vacant or abandoned properties. ML 21-15 also partially introduced a new policy on early modification of COVID-19 loans, which required mortgage loans to screen eligible borrowers for a permanent change in one or more terms of the borrower’s mortgage that would reduce the borrower by at least 25 % causes monthly principal and interest payments that do not require borrower contact. Those interested in the webinar can register here.

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