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News

April 20, 2020

Fannie, Freddie may soon buy home loans in forbearance to help mortgage firms

 

WSJ
By Andrew Akerman

A top U.S. regulator is considering taking steps to ease strains on mortgage companies facing a cash crunch as millions of Americans struggling with fallout from the coronavirus suspend their monthly payments, according to people familiar with the matter.

The Federal Housing Finance Agency is weighing whether to allow Fannie Mae and Freddie Mac, the government-controlled mortgage-finance giants, to buy home loans that recently entered forbearance, meaning borrowers have stopped making payments …Read the full article on: The Wall Street Journal (subscription required).

 
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