FHFA suspends foreclosures, evictions for Enterprise-backed mortgagesFHFA suspends foreclosures, evictions for Enterprise-backed mortgageshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=240332020-03-19T05:00:00Z2020-03-19T20:00:00Z

WASHINGTON – The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac (the Enterprises) to suspend foreclosures and evictions for at least 60 days due to the COVID-19 (coronavirus) national emergency.

The suspension applies to homeowners with an Enterprise-backed single-family home mortgage.

Earlier this month, FHFA announced the Enterprises would provide payment forbearance to borrowers impacted by the coronavirus. This allows for a mortgage payment to be suspended for up to 12 months for eligible borrowers.

Federal Housing Finance Agency
https://www.fhfa.gov/mobile/Pages/public-affairs-detail.aspx?PageName=FHFA-Suspends-Foreclosures-and-Evictions-for-Enterprise-Backed-Mortgages.aspxRead more at {Source}

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