FHA Info #20-72 FHA Issues Temporary Waivers of its Deferral of Due and Payable Status for Eligible Non-Borrowing Spouses Impacted by the COVID-19 National Emergency

October 02, 2020

FHA issued a temporary partial waiver for eligible Home Equity Conversion Mortgage (HECM) Non-Borrowing Spouses (NBS) to enter into a deferral period and avoid foreclosure if they are unable to meet the 90-day requirement to obtain the needed documents to establish legal ownership or legal right to remain in the property securing the HECM as a result of the COVID-19 National Emergency.

View Article Source →

Stay Informed, Subscribe to the Compliance Newshub

Subscribe Now