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 01, 2020

Currently eligible HECM non-borrowing spouses currently have 90 days after the death of the last surviving HECM borrower to establish legal ownership or other ongoing legal right to remain in the property, with this announcement FHA has issued a temporary partial waiver superseding ML 2014-07 and subsequent ML 2015-02 in response to continued COVID-19 concerns.

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