14 Sep FHA INFO #20-66: HERMIT System Submissions for COVID-19 Related Extensions
Investor Update September 10, 2020 Source: HUD Today, the Federal Housing Administration (FHA) announced software updates to the Home Equity Reverse Mortgage Information Technology (HERMIT) system, which allows servicers to submit extensions related to the Presidentially -Declared COVID-19 National Emergency for Home Equity Conversion Mortgages (HECM). The extension of...