Wednesday, July 1, 2020

Freddie Mac Augments Multifamily Forbearance Program via Multi-Housing News Online

Freddie Mac Multifamily has expanded its COVID-19 forbearance program, creating supplemental forbearance relief options for landlords who are still facing economic hardship. The new changes also extend several protections for renters including a ban on evictions solely for nonpayment of rent, which was a feature of the original program when it was rolled out in March.

The mortgage relief options are geared towards borrowers who need further assistance as they may be approaching the end of the 90-day forbearance period granted in the first iteration of the program.

Read more...Freddie Mac Augments Multifamily Forbearance Program via Multi-Housing News Online

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