Housing Leadership Council

DONATE NOW
  • Home
  • About Us
    • Board and Staff
    • HLC’S Mission and Vision
    • Contact Us
  • Get Involved
    • Donate to HLC
    • Public Policy Committee
      • Public Policy
        • State Housing Policy
        • Find Your Representative
    • Communications Committee
  • Events
    • Upcoming Events
    • Housing Summit
    • Calendar
    • Other Industry Events
  • News
  • Resources
    • Help for Homeowners
      • Workforce Housing
      • Community Land Trust Homes
      • Housing Subsidy Programs
      • First-Time Homebuyer Classes
    • Help for Renters
      • Area Rentals
      • Section 8
      • State Information on Rentals
      • Helpful Tools for Rental Housing
    • Housing Rehabilitation Assistance
    • Information for Seniors
    • Foreclosure
      • Making Home Affordable Equity Programs
      • Florida Hardest Hit Program
      • National Mortgage Settlement
    • Financial Credit Information
    • Veteran Housing
    • Additional Resources
    • Best Practices and Toolkit
    • Reports and Other Resources
  • Housing Plan
    • Palm Beach County Affordable Housing Needs Assessment
    • Housing Action Plan Report
  • COVID-19
    • COVID-19: Help for Homeowners
    • COVID-19: Help for Renters
    • COVID-19: Webinars

Fannie Mae, Freddie Mac: Borrowers in forbearance can defer all missed payments until the end of their loan

May 15, 2020 by Housing Leadership Council

May 13, 2020, 5:52 pm By Ben Lane

With nearly 4 million borrowers in forbearance on their mortgage, we still don’t have a complete picture of what happens when forbearance periods end. Borrowers got some clarity on the situation last month, when Fannie Mae and Freddie Mac said that borrowers are not required to repay all their missed payments at once.

And as it turns out, borrowers in forbearance may not have to repay their missed payments at all until the end of their loan thanks to a new repayment option from the GSEs.

Click to Read More Here

Filed Under: News Tagged With: Covid-19, Forberance, mortgage modification, mortgage payments

Donate to HLC:

Partner with the Housing Leadership Council today. Download our partnership form or DONATE NOW

Thank You to Our Partners

  • JPMorgan Chase & Co.
  • Freddie Mac
  • BankUnited
  • Wells Fargo
  • Community Foundation
  • Great Charity Challenge

Accreditations

Donate to HLC

Help HLC find affordable housing for Palm Beach County residents.

DONATE NOW

Address: 2101 Vista Parkway, Ste. 258 West Palm Beach, FL 33411

Phone: 561-653-4107

© Copyright 2018 · Housing Leadership Council of Palm Beach County · All Rights Reserved · Privacy Policy · Solicitation Statement