Freddie Mac, Fannie Mae move to protect renters

Source: Ben Lane, HousingWire

Fannie Mae and Freddie Mac last week suspended foreclosures and evictions on single-family homes as the coronavirus continues to spread, but that policy will only help those living in a house, leaving many renters vulnerable to being evicted.  Not anymore.

Fannie and Freddie will begin offering mortgage forbearance to multifamily property owners on the condition that they suspend all evictions for renters who can’t pay their rent because of the coronavirus.

Read Full Article: Freddie Mac, Fannie Mae move to protect renters

 

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