Enterprises to Purchase Qualified Loans in Forbearance to Keep the Lending Flowing
b'
Earlier this week, Federal Housing Finance Agency (FHFA) in a release, announced that enterprises will purchase qualified loans in forbearance to keep the lending flowing. This move comes in to support homeowners and mortgage lenders. FHFA has said that they are approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac (the Enterprises).
\\nIn the release, Director Mark Calabria said \\u201cWe are focused on keeping the mortgage market working for current and future homeowners during these challenging times. Purchases of these previously ineligible loans will help provide liquidity to mortgage markets and allow originators to keep lending.\\u201d Continue reading...
'