Slight Change to our Temporary COVID-19 Underwriting Guidelines
October 1, 2020
FHLBank Topeka’s board of directors recently approved an adjustment to our temporary COVID-19 underwriting guidelines within the Member Products and Services Guide. FHA-insured and VA-guaranteed mortgages are now also eligible for forbearance and modifications under the conditions listed below.
- For FHA-insured and VA-guaranteed Mortgages within the One-To-Four Family Residential Real Property category, forbearance plans and modifications must comply with applicable laws and regulations, including Section 4022 of the Coronavirus Aid, Relief and Economic Security Act.
You can find the full temporary COVID-19 underwriting guidelines on page 80 of our Member Products and Services Guide.
This change goes into effect immediately with your third quarter Qualifying Collateral Determination (QCD) form filing. If you have any questions, please contact Kylie Mergen, Vice President and Director of Financial Services, or Elaine Shumaker, Assistant Vice President and Manager of Financial Services, at 877.933.7803.