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Description:

Extension of the End Date for COVID-19 Multisubject: Updated Temporary Guidance for Verification of Self-Employment; Rental Income; 203(k) Rehabilitation Escrow Account.

Effective immediately, the verification of business operations for self-employed borrowers and the Rental Income guidance in ML 2020-24 is extended for case numbers assigned on or before September 30, 2021.

Effective immediately, the administration of the 203(k) Rehabilitation Escrow guidance for borrowers in forbearance in ML 2020-24 is effective for open escrow accounts through September 30, 2021.

Policy updates in this ML are temporary and will not be incorporated into the Department of Housing and Urban Development (HUD) Single Family Housing Policy Handbook 4000.1.

Document type:

  • Agency Bulletin/Form

Agency:

FHA

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