Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) announced today.
Forbearance options for multifamily mortgages backed by the GSEs were set to expire on Sept. 30, but the FHFA has extended until needed. On October 1, Fannie Mae and Freddie Mac will continue offering COVID-19 forbearance to qualified multifamily owners, unless otherwise instructed by FHFA. But landlords must:
- Inform details ⇒
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