Legal Alert

FHFA Announces Fannie Mae and Freddie Mac Will Continue Purchasing Loans in a COVID-19 Forbearance

by the Mortgage Banking Group
August 27, 2020

As previously reported, Fannie Mae and Freddie Mac recently announced that there are no plans to extend the eligibility for purchase of loans in a COVID-19 forbearance for loans with note dates after August 31, 2020. 

The Federal Housing Finance Administration (FHFA) recently announced that Fannie Mae and Freddie Mac will extend buying qualified loans in a COVID-19 forbearance until September 30, 2020. FHFA also announced that Fannie Mae and Freddie Mac will extend various loan origination flexibilities due to COVID-19 through September 30, 2020, as well.

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