The
White House announced on Tuesday that the various COVID-19 relief programs
available through The Department of Housing and Urban Development, Veterans
Administration, and the Department of Agriculture will be extended. The forbearance
program, which allowed homeowners to postpone or reduce mortgage payments, was
due to reach the final 12-month mark for many borrowers on March 31. 2021. That
has been extended until June 30, 2021.
 There
will also be a provision to allow homeowners who have been impacted by the
pandemic to apply to enter the program until June 30, 2021. President Joseph Biden had already extended the foreclosure
moratoriums for federally guaranteed mortgages to June 30, 2021 the day after
his inauguration.

 

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