To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) has approved an extension of the temporary policy that allows for the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria set by Fannie Mae and Freddie Mac.
Earlier this year, FHFA and the Consumer Financial Protection Bureau announced a program to ensure borrowers are protected during the pandemic.
Read on for reaction from FHFA Director Mark Calabria.
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