Skip to main content

FHFA Extends Buying Loans In Forbearance And COVID-Related Loan Processing Flexibilities

Navi Persaud
Aug 31, 2020
FHFA headquarters

The Federal Housing Finance Agency revealed that Fannie Mae and Freddie Mac will extend purchasing qualified loans in forbearance along with a number of loan originations flexibilities until Sept. 30. The extension comes as the FHFA ensures its continued support for borrowers who have been impacted by the COVID-19 pandemic.

"Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic," said Director Mark Calabria.

Other flexibilities addressed in this extension include alternative appraisals on purchase and rate term refinance loans, alternative methods for documenting income and verifying employment before closing on a loan and expanding the use of power of attorney to assist during the loan closing process.

Read more about the latest FHFA extensions

Published
Aug 31, 2020
Reports: Evergrande Group Arranges Bond Extension

Reuters, REDD say company's billionaire chairman has agreed to provide additional collateral to ensure a construction project tied to a $260M bond is completed.

Industry News
Oct 21, 2021
New American Funding Hires Regional Manager

Mark Tribuna will lead effort to expand company's partnership with affordable nonprofit builders in mid-Pacific region

Industry News
Oct 21, 2021
Rocket Pro Announces Initiatives To Boost Brokers

Company brings Rocket Tech, the Rocket Network and Rocket Marketing to mortgage brokers across the country

Industry News
Oct 19, 2021
FormFree Taps Amazon Web Services For Consumer Financial Identity Solutions

FormFree will use Amazon's blockchain technology to manage its latest consumer Financial DNA solution and its newly introduced FormFree Exchange.

Tech
Oct 19, 2021
Synergy One Lending Increases Its Capital By $50M

San Diego-based Synergy One Lending Inc. completed a $50 million corporate note financing with a consortium of institutional investors.

Industry News
Oct 19, 2021
TransUnion Sees Untapped Growth Opportunity For The Mortgage Industry

A study conducted by TransUnion, which explores the creditworthiness of low-to-moderate income consumers, revealed that the segment represents a $300 billion growth opportunity for the mortgage industry.

Analysis and Data
Oct 19, 2021