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FHFA To Provide Eviction Protection Tools For Renters

NationalMortgageProfessional.com
May 04, 2020
Photo credit: Getty Images/designer491

To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac have created online multifamily property lookup tools.
 
The property lookup tools allow renters to find out if the multifamily property where they reside has an Enterprise-backed mortgage. Under the CARES Act, renters living in a property with an Enterprise-backed mortgage are covered by a temporary eviction moratorium. Landlords with Enterprise-backed mortgages can enter forbearance if their tenants cannot pay rent due to COVID-19 loss of income.
 
“Today's tool protects renters and empowers them to find out if they live in a multifamily property covered by the eviction moratorium," said FHFA Director Mark Calabria. “Landlords with Enterprise-backed mortgages cannot evict tenants for failing to pay their rent if they are affected by COVID-19. Renters who can pay their rent should."
 
Renters are still expected to pay their rent during the eviction moratorium period, if they can. Those experiencing financial hardship should reach out to their landlord to discuss their situation and potential solutions.

 
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