On March 29, the Federal Housing Finance Agency (FHFA) announced Fannie Mae and  Freddie Mac would enhance their COVID-19 pandemic-era deferral policies which allowed homeowners experiencing hardship to defer up to six months of mortgage payments to be settled at the end of the loan. Since the pandemic began, the FHFA has enabled lenders to complete more than 1 million payment deferrals, with roughly one-third of all homeowners exiting forbearance via payment deferrals since 2020. 

Smart pandemic policies like this stabilized the housing market details ⇒

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