Legal Alert

Fannie Mae and Freddie Mac Extend the Purchase of Loans in a COVID-19 Forbearance

August 3, 2020

Fannie Mae and Freddie Mac previously announced that, subject to conditions, the agencies will purchase loans in a COVID-19 forbearance. Also, in June 2020, the agencies extended eligible loans to those with note dates through July 31, 2020. On July 31, 2020, Fannie Mae in an update to Lender Letter 2020-06 and Freddie Mac in Bulletin 2020-30 extended eligible loans to those with note dates through August 31, 2020. 

They also updated the applicable delivery and settlement dates.

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