Warning: file_exists(): File name is longer than the maximum allowed path length on this platform (260): C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br/wp-content/cache/supercache/www.forexbr.com.br/2020/03/20/fannie-mae-freddie-mac-instruct-servicers-to-offer-12-month-moratoriums-on-mortgage-payments-if-borrowers-suffer-hardship/meta-wp-cache-87e53bbcc74093aecebfca9277c9cc24.php in C:\zpanel\hostdata\zadmin\public_html\forexbr_com_br\wp-content\plugins\wp-super-cache\wp-cache-phase2.php on line 71 Fannie Mae, Freddie Mac instruct servicers to offer 12-month moratoriums on mortgage payments if borrowers suffer hardship – Forex Brasil

Fannie Mae, Freddie Mac instruct servicers to offer 12-month moratoriums on mortgage payments if borrowers suffer hardship

Some U.S. homeowners and renters who are reeling under the financial effects of the coronavirus outbreak will not need to fear losing their homes to foreclosure or being evicted during the public-health crisis, officials said this week.

The Federal House Finance Agency announced Wednesday it had told Fannie Mae FNMA, -2.55% and Freddie Mac FMCC, -0.11% to suspend all foreclosure actions and evictions for at least 60 days because of the coronavirus national emergency. The suspension applies to homeowners who have a loan backed by Fannie or Freddie.

Freddie Mac and Fannie Mae have also said they would provide forbearance options to borrowers who were affected by the pandemic. Forbearance allows mortgage payments to be suspended for up to 12 months because of economic hardship that was caused by the coronavirus outbreak.

“This foreclosure and eviction suspension allows homeowners with an Enterprise-backed mortgage to stay in their homes during this national emergency,” said FHFA director Mark Calabria.