COVID-19 INFORMATION AND RESOURCES…
Help For Renters…
No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria 4/27/2020
Guide to coronavirus mortgage relief and renter options: If you can’t pay your mortgage, or can only pay a portion, contact your mortgage servicer immediately. Click here for updated information from Freddiemac Click here for updates for COVID-19 support for multifamily renters
If your ability to pay your mortgage is impacted, and your loan is owned by Fannie Mae or Freddie Mac (use the “loan lookup” tools: https://www.knowyouroptions.com/loanlookup for Fannie Mae or https://ww3.freddiemac.com/loanlookup/ for Freddie Mac to find out), you may be eligible to delay making your monthly mortgage payments for a temporary period, during which:
- You won’t incur late fees.
- Foreclosure and other legal proceedings will be suspended
It may take a while to get a loan servicer on the phone. Loan services are experiencing a high call volume and may also be impacted by the pandemic.
A new federal law, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, puts in place two protections for homeowners with federally backed mortgages:
