Updated FHA guidance to provide flexibility for lenders when calculating “effective income” for borrowers with previous COVID-related employment gaps or loss of income.
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GSEs and FHA Take Action to Protect At-Risk Renters and Homeowners
On the eve of the expiration date protecting Americans from COVID-related foreclosures and evictions, the FHA and FHFA have extended measures to keep those at-risk safely and securely housed through September 30, 2021.
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