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

Richard Andreano Jr.
Ballard Spahr LLP
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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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