HUD Issues Third Update to COVID-19 Forbearance and COVID-19 HECM Extension Period

HUD recently issued Mortgage Letter 2021-04, which extends the date by which Mortgagees must approve the initial COVID-19 forbearance and the HECM Extension Period through March 31, 2021. HUD released this guidance in April 2020, and subsequently issued extensions in October 2020 and December 2020.  WBK previously covered the initial guidance here.