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Novogradac: Fannie, Freddie Offer Multifamily Mortgage Forbearance, but Forbid Evictions

WASHINGTON–March 23, 2020–The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will offer mortgage forbearance to multifamily property owners affected by the COVID-19 pandemic with the condition that they suspend evictions for renters who can’t pay rent due to the pandemic. The forbearance is available to all multifamily properties with a Fannie- or Freddie-backed mortgage and the eviction suspensions are in place for the duration of the time a property owner remains in forbearance.

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Courtesy of Novogradac 

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