Temporary Suspended Foreclosures | See if you are eligible

The Federal Housing Finance Agency (FHFA)

U.S. CITIzens and residents
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The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to temporarily suspend foreclosures.

Benefits

  • A forbearance plan is an agreement between a homeowner and their mortgage servicer (the company they send their monthly mortgage payments to) that establishes an alternative payment schedule to reduce or suspend payments for a period of time.Importantly, mortgage forbearance plans do not reduce the principal amount owed on a mortgage, and interest continues to accrue for the duration of the plan. Homeowners who can afford to make partial payments should do so in order to lessen the amount due at the end of the forbearance.
  • While in forbearance, homeowners do not incur late fees or other penalties. However, the terms of the mortgage are unchanged,and arrangements will need to be made with the servicer to make up missed payments.

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Eligibility

For additional information please see the Federal Mortgage Relief FAQsHomeowners can use Fannie Mae or Freddie Mac’s “loan lookup” tools on their respective website to see if they qualify:

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Resources

For additional information please see the Federal Mortgage Relief FAQs

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