FHFA: Agency Extends Buying Loans in Forbearance & COVID-19 Loan Processing Flexibilities

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30, 2020.  The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on August 31, 2020.

“Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic,” said Director Mark Calabria.

Extended flexibilities include:

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