The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will offer COVID-19 forbearance to qualifying multifamily property owners through June 30. The forbearance was scheduled to end March 31 and is subject to the continued tenant protections FHFA imposed during the pandemic. Property owners with Fannie- or Freddie-backed multifamily mortgages can enter a new or modified forbearance if they experience a financial hardship due to the COVID-19 emergency.
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