Home | Newsletter | Advertise
loading...

Coronavirus Impacts Could Result in Mortgage Relief

  • March 16, 2020

by Nena Perry-Brown

As measures are considered to help alleviate the financial burdens many may experience as a result of the coronavirus pandemic, mortgage payments are also getting some attention.

While there haven't been any nationwide measures implemented to offer mortgage relief, guidance came out last week to remind people of their options.

The Federal Housing Finance Agency, which oversees Fannie Mae, Freddie Mac, and other federal mortgage loan servicers, released a statement that hardship forbearances may provide recourse for mortgagees unable to make their monthly payments. Mortgage forbearance is when a lender allows borrowers to temporarily pay their mortgage at a lower rate or pause payments altogether.

Freddie Mac also released guidance to loan servicers to remind them that the impacts of the coronavirus pandemic are applicable to forbearance hardship standards.

See other articles related to: pandemic, mortgages, mortgage relief, freddie mac, fannie mae

This article originally published at http://dc.urbanturf.com/articles/blog/coronavirus-impacts-could-allow-applications-for-mortgage-relief/16593

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse