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Urging HUD to Extend the Foreclosure Moratorium and Deadline to Request Forbearance for FHA Borrowers

June 21, 2021
Mortgage Lending
Letters to Congress

From the letter to Secretary Marcia L. Fudge:

On behalf of the clients and communities we represent, the 155 undersigned organizations are writing regarding the FHA foreclosure moratorium and the deadline for FHA borrowers to access COVID-19 forbearance plans, both of which expire on June 30, 2021, pursuant to Mortgagee Letter 2021-05. We urge HUD to extend the foreclosure moratorium and the deadline to access forbearance plans to August 31, 2021, for forward mortgages, and to extend this deadline to December 31, 2021, for Home Equity Conversion Mortgages (HECMs, or reverse mortgages).