Tag: forbearance

FHFA Issues Guidance on Home Purchases, Refinancing While in Forbearance

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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