FHA Mortgagee Letter 2021-07 Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account

February 23, 2021

This Mortgagee Letter announces the the extension of the effective period for ML 2020-24, published on July 29, 2020 and extended in ML 2020-46, allowing for the ability to use the flexible guidance related to verification of self-employment and verification of rental income for forward and HECM loans and 203(k) escrow administration for the 203(k) Rehabilitation Program, in response to impacts from the Presidentially-Declared COVID-19 National Emergency.

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