The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance and several loan-origination flexibilities.
October 20, 2020 / By ICBA
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend from Oct. 31 to Nov. 30 the deadline on buying qualified loans in forbearance and several loan-origination flexibilities.
Flexibilities include alternative appraisals, alternative methods for documenting income, and expanded use of power of attorney. ICBA is updating its frequently asked questions on the federal coronavirus response.
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