The Federal Housing Administration (FHA) has extended a set of policy flexibilities for single-family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic.
The Department of Housing and Urban Development said the temporary policies will allow lenders to continue originating and closing mortgages designated for FHA insurance endorsement during the pandemic and ensure critical home repairs in progress can be completed. Read on for details.
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