In a post on its blog, the Consumer Financial Protection Bureau announced the deadline to request initial forbearance for HUD/FHA, USDA or VA backed loans has been extended until the national emergency ends.
It let consumers know if the pandemic has made them difficult to make their mortgage payments, it’s not too late to request COVID-19 hardship forbearance from their mortgage servicer.
“If you have a home loan backed by HUD/FHA, USDA, or VA your mortgage servicer is authorized to approve initial COVID hardship forbearance requests until the COVID-19 national emergency is officially over,” the blog post stated. “Previously the deadline was set for Sept. 30, 2021.”
It noted there is not currently a deadline for requesting an initial COVID-19 hardship forbearance for loans backed by Fannie Mae or Freddie Mac.