Consumer Financial Protection Bureau (CFPB): It’s Not Too Late to Request Mortgage Forbearance

October 6, 2021

If the coronavirus pandemic has made it difficult for you or those you work with to make mortgage payments, it’s not too late to request COVID hardship forbearance. Forbearance is when a mortgage servicer or lender allows homeowners to pause or reduce mortgage payments for a limited time while they build back their finances.

If the home loan is backed by HUD/FHA, USDA, or VA, the mortgage servicer is authorized to approve initial COVID hardship forbearance requests until the COVID-19 National Emergency is officially over. Previously the deadline was set for September 30, 2021.

If the loan is backed by the government sponsored agencies Fannie Mae and Freddie Mac, there is not currently a deadline for requesting an initial forbearance.

Learn more about COVID-19 related mortgage forbearance.