Coronavirus Impacts Could Result in Mortgage Relief
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.
story continues below
loading...story continues above
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: fannie mae, freddie mac, mortgage relief, mortgages, pandemic
This article originally published at https://dc.urbanturf.com/articles/blog/coronavirus-impacts-could-allow-applications-for-mortgage-relief/16593.
Most Popular... This Week • Last 30 Days • Ever

The Washington Nationals great didn't move out of the area, though.... read »

The large new residential building is just the latest development pitched near the ba... read »

UrbanTurf put together a quick primer on the ins and outs of a home auction.... read »

As the Capitol Riverfront neighborhood nears its development capacity, a new effort p... read »

Foulger Pratt has plans to turn the 12-story office building at 1133 19th Street NW i... read »
- Mr. National Ryan Zimmerman Lists Great Falls Home For $8 Million
- A 250-Unit Apartment Building Pitched Just North of Nats Park
- First-Timer Primer: How to Buy a House at Auction
- Pickleball, Skate Parks + More: The Plans to Revitalize Public Space in DC's Capitol Riverfront
- 180-Unit Office-to-Residential Conversion Pitched For 19th Street Building
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro