{"id":17204,"date":"2020-04-17T12:00:02","date_gmt":"2020-04-17T12:00:02","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17204"},"modified":"2020-04-17T12:00:02","modified_gmt":"2020-04-17T12:00:02","slug":"freddie-mac-extends-multifamily-loan-forbearance-options","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/","title":{"rendered":"Freddie Mac Extends Multifamily Loan Forbearance Options"},"content":{"rendered":"<h1 class=\"page-title \">Freddie Mac Extends Multifamily Loan Forbearance Options<\/h1>\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p>Mortgage financing giant Freddie Mac announced several changes on Wednesday to its COVID-19 protection options for tenants and landlords. Its program provides three months of forbearance for borrowers impacted by the pandemic. It also has a no-evictions policy for tenants during that forbearance period. Fannie Mae has announced similar protections.<\/p>\n<p>Newly announced changes to Freddie Mac\u2019s assistance is aimed at bringing it in line with CARES Act provisions, which were made after the GSE had first announced its protections in the early days of the outbreak.<\/p>\n<p>Among the changes, tenants no longer have to demonstrate their nonpayment of rent is due to a COVID-19 related hardship.<\/p>\n<p>Multifamily landlords who have properties financed with a Freddie Mac loan can defer their loan payments for 90 days by proving a hardship as an impact of the COVID-19 pandemic and by getting lender approval. In return, Freddie Mac is requiring landlords not to evict tenants for nonpayment during forbearance periods.<\/p>\n<p>If a borrower enters forbearance, Freddie Mac restricts the ability to evict, give notice of, or start an eviction of a tenant for nonpayment during the forbearance period. Late fees, penalties, or other charges cannot be added on to the tenant for nonpayment of their rent while in the forbearance period, as required by the CARES Act.<\/p>\n<p>The forbearance program has also been extended, under Freddie\u2019s new guidance. The last day to enter the forbearance under the program was extended to Dec. 31, or the date that the federally declared emergency period ends, whichever comes first. Freddie Mac had previously set the program to expire on Aug. 1.<\/p>\n<p>\u201cOur forbearance program is helping borrowers and tenants who are facing hardship as a result of COVID-19,\u201d says Deborah Jenkins, executive vice president and head of Multifamily for Freddie Mac. \u201cThe program has already proved to be an important source of relief for multifamily operators and residents who are struggling financially as a result of this national crisis.\u201d<\/p>\n<p>The program is available to borrowers across more than 27,000 properties that have Freddie Mac loans. About 4.2 million U.S. renters reside in those properties.<\/p>\n<p><a href=\"https:\/\/multifamily.fanniemae.com\/multifamily-covid-19\" target=\"_blank\" rel=\"noopener noreferrer\" data-di-id=\"di-id-51c4a4c9-f060ea53\">View the multifamily response from Fannie Mae.<\/a><\/p>\n<p>National Association of REALTORS<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Freddie Mac Extends Multifamily Loan Forbearance Options Mortgage financing giant Freddie Mac announced several changes on Wednesday to its COVID-19 protection options for tenants and landlords. Its program provides three months of forbearance for borrowers impacted by the pandemic. It also has a no-evictions policy for tenants during that forbearance period. Fannie Mae has announced &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-17204","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Freddie Mac Extends Multifamily Loan Forbearance Options - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-mac-extends-multifamily-loan-forbearance-options\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-mac-extends-multifamily-loan-forbearance-options\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Freddie Mac Extends Multifamily Loan Forbearance Options\",\"datePublished\":\"2020-04-17T12:00:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-mac-extends-multifamily-loan-forbearance-options\\\/\"},\"wordCount\":371,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-mac-extends-multifamily-loan-forbearance-options\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-mac-extends-multifamily-loan-forbearance-options\\\/\",\"name\":\"Freddie Mac Extends Multifamily Loan Forbearance Options - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.\",\"sameAs\":[\"http:\\\/\\\/www.anthonydidonato.net\"],\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Freddie Mac Extends Multifamily Loan Forbearance Options - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/#article","isPartOf":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/"},"author":{"name":"admin","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"headline":"Freddie Mac Extends Multifamily Loan Forbearance Options","datePublished":"2020-04-17T12:00:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/"},"wordCount":371,"publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"keywords":["Anthony DiDonato","News","Real Estate","tips"],"articleSection":["News","Real Estate Tips"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/","url":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/","name":"Freddie Mac Extends Multifamily Loan Forbearance Options - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","isPartOf":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website"},"datePublished":"2020-04-17T12:00:02+00:00","breadcrumb":{"@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-mac-extends-multifamily-loan-forbearance-options\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/www.anthonydidonato.net\/wordpress\/"},{"@type":"ListItem","position":2,"name":"Freddie Mac Extends Multifamily Loan Forbearance Options"}]},{"@type":"WebSite","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#website","url":"http:\/\/www.anthonydidonato.net\/wordpress\/","name":"Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania","description":"Properties and Real Estate for Sale","publisher":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/www.anthonydidonato.net\/wordpress\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/#\/schema\/person\/964792b6994e8cc4cbddc36ad4824908","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","url":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","contentUrl":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg","caption":"admin"},"logo":{"@id":"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2020\/03\/anthony-110x150.jpg"},"description":"For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. 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