VA issued Circular 26-20-33: Deferment as a COVID-19 Loss Mitigation Option for CARES Act Forbearance Cases (Circular). Per the Circular, servicers may offer borrowers (who are exiting a CARES Act forbearance) deferment as a COVID-19 loss mitigation option. Deferment as a COVID-19 loss mitigation option may be used in cases where the borrower is able to resume making monthly payments as scheduled under the loan contract. Deferment is not allowed in cases where the borrower will need a post-forbearance payment reduction.
Click here to view the VA Circular 26-20-33: https://www.tenaco.com/wp-content/uploads/2020/09/VA-Circular-26_20_33.pdf
