This law firm publication by Bradley Arant Boult Cummings LLP discusses the Department of Housing and Urban Development's (HUD) recently published Mortgagee Letter 2021-18 allowing borrowers with Federal Housing Agency (FHA) insured loans suffering from COVID-19 financial distress to extend their mortgage terms and lower monthly principal and interest payments. Loan servicers must implement the COVID-19 Recovery Options by October 21, 2021.