FHFA extends COVID-related forbearance and loan processing flexibilities

This story appeared in Bank Digest.

The Federal Housing Finance Agency has announced that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until Oct. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on Sept. 30, 2020.