Freddie Mac and Fannie Mae Offer Multifamily Property Owners Mortgage Forbearance If They Suspend All Evictions For Tenants Affected By The Coronavirus

COVID-19
Written By Tristan R. Pettit, Esq.

On March 23, 2020 the Federal Housing Finance Agency (FHFA) announced that Freddie Mac and Fannie Mae will offer multifamily property owners mortgage forbearance with the condition that they they suspend all evictions for renters unable to pay rent due to the impact of the coronavirus.

The eviction suspensions would need to remain in place for the entire duration of the time that the property owner remains in forbearance.  The forbearance is available to all multifamily properties with a Freddie Mac or Fannie Mae backed performing multifamily mortgage negatively affected by the coronavirus pandemic.

For more information please read the entire FHFA notice.

Tristan R. Pettit, Esq.

Tristan is the President of Pettit Law Group and focuses his practice in the area of landlord-tenant law representing landlords and property management companies throughout Wisconsin.

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