Tag: forbearance

FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

Filed in Disaster Response, Housing Finance by on May 19, 2020 1 Comment
FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

The Federal Housing Finance Agency has issued temporary guidance for borrowers looking to buy a home or refinance who are in forbearance or recently ended their forbearance.

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USDA Announces Loan Forbearance Up to 1 Year

Filed in Economics, Housing Finance by on April 2, 2020 0 Comments
USDA Announces Loan Forbearance Up to 1 Year

In accordance with the newly-enacted stimulus law, the U.S. Department of Agriculture(USDA) announced today that any borrowers experiencing financial hardship caused by the COVID-19 pandemic shall receive immediate forbearance  of their guaranteed loan payment for a period of up to 180 days. In addition, the forbearance period may be extended up to an additional 180 days at the borrower’s request.

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