FHFA makes COVID-19 payment deferrals available to all distressed homeowners
The new foreclosure prevention option will be available for borrowers with COVID-19 hardships and other distressed homeowners with eligible financial struggles. In addition to the enhanced payment deferral, Fannie and Freddie will work with servicers to offer other solutions, including reinstatement, repayment plan, or loan modification, depending on their individual situations. Mortgage Bankers Association CEO … [Read more…]