September 24, 2020

FHFA: Buying Loans in Forbearance and COVID-Related Loan Processing Flexibilities Further Extended

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 October 31, 2020.  The changes are to ensure continued support for bor​rowers during the COVID-19 national emergency. The flexibilities were set to expire on September 30, 2020.

Extended flexibilities include:

This post was originally published here.