Quote: Jan. 31, 2023

“We are committed to ensuring that no FHA borrower experiences foreclosure unnecessarily. FHA’s COVID-19 forbearances and streamlined COVID-19 loss mitigation options have successfully helped millions of struggling borrowers in the last two fiscal years alone. Our action today lets us capitalize on what we have learned through the pandemic to continue helping borrowers avoid foreclosure, regardless of the nature of their hardship.”
–HUD Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon.