Pandemic Prompts Agency To Suspend Foreclosures, Offer Forbearance For Homeowners

(March 20, 2020, 11:49 AM EDT) -- WASHINGTON, D.C. — The Federal Housing Finance Agency announced March 18 that it directed the Federal National Mortgage Corp. (Freddie Mac) and Federal Home Loan Mortgage Corp. (Freddie Mac) to suspend foreclosure and evictions for 60 days against borrowers due to the coronavirus national emergency and that it would provide payment forbearance for up to 12 months to borrowers affected by the pandemic....