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Foreclosure News: Federal Forbearance Loan Purchase Program

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Fannie Mae and Freddie Mac (the "agencies") previously announced that, subject to conditions, the agencies will purchase loans in a COVID-19 forbearance dated between March and July 31, 2020. On July 31, 2020, Fannie Mae in an update to Lender Letter 2020-06 and Freddie Mac in Bulletin 2020-30 extended eligible loans to those with note dates through August 31, 2020. They also updated the applicable delivery and settlement dates.

If you are behind in your mortgage or feel as though you will soon become delinquent, please contact the Foreclosure Defense Attorneys at Fazzio Law, we are in your corner!

Category: Foreclosure Law

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