FHA issued Mortgagee Letter 2020-30 (Letter), announcing underwriting guidelines for borrowers with previous mortgage payment forbearance. The Letter outlines requirements borrowers must meet to request a new FHA-insured mortgage after successfully completing a mortgage payment forbearance period. The guidelines may be implemented immediately but must be implemented for case numbers assigned on or after November 9, 2020.
Click here to view the HUD Mortgagee Letter 2020-30: https://www.tenaco.com/wp-content/uploads/2020/09/HUD-Mortgagee-Letter-2020-30.pdf
