{"id":17521,"date":"2020-07-02T12:51:09","date_gmt":"2020-07-02T12:51:09","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=17521"},"modified":"2020-07-02T12:51:09","modified_gmt":"2020-07-02T12:51:09","slug":"freddie-fannie-extend-aid-to-landlords-renters","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/freddie-fannie-extend-aid-to-landlords-renters\/","title":{"rendered":"Freddie, Fannie Extend Aid to Landlords, Renters"},"content":{"rendered":"

Freddie, Fannie Extend Aid to Landlords, Renters<\/h3>\n
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With federal protections about to expire, landlords are being offered additional help as the COVID-19 pandemic continues. The Federal Housing Finance Agency said Monday that multifamily property owners currently in forbearance can request an extension of their payment suspension for three additional months. That will amount up to half a year in total.<\/p>\n

The FHFA guidelines apply only to properties that have loans secured by the government-backed enterprises Fannie Mae or Freddie Mac.<\/p>\n

Renters in these complexes should also, therefore, be protected from evictions as long as the forbearance lasts, Forbes.com reports. Landlords must be flexible in allowing renters to repay missed payments and cannot charge fees.<\/p>\n

Prior to Monday\u2019s announcement, property owners were only eligible for three months of forbearance on multifamily buildings. Forbearance protection was originally set to expire on July 25.<\/p>\n

\u201cDuring the pandemic, the FHFA has been focused on protecting renters and borrowers while ensuring the mortgage market functions as efficiently as possible,\u201d says Mark Calabria, the FHFA\u2019s director. \u201cThe multifamily mortgage forbearance extension announced will help renters say in their homes and help property owners retain their properties.\u201d<\/p>\n

Between 19 million\u00a0 to 23 million U.S. renters could be at risk of eviction by the end of September, the Aspen Institute estimates. That estimate reflects continuing high unemployment and the expiration of government stimulus, including the unemployment payments with an extra $600 week that are set to expire in a month.<\/p>\n

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Source:<\/div>\n
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FHFA.gov<\/a> and \u201cFreddie Mac, Fannie Mae Extend Multifamily Forbearance, Offer Relief to Landlords and Renters<\/a>,\u201d Forbes.com (June 29, 2020)<\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Freddie, Fannie Extend Aid to Landlords, Renters With federal protections about to expire, landlords are being offered additional help as the COVID-19 pandemic continues. The Federal Housing Finance Agency said Monday that multifamily property owners currently in forbearance can request an extension of their payment suspension for three additional months. That will amount up to … <\/p>\n

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-17521","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":"\nFreddie, Fannie Extend Aid to Landlords, Renters - 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-fannie-extend-aid-to-landlords-renters\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-fannie-extend-aid-to-landlords-renters\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-fannie-extend-aid-to-landlords-renters\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Freddie, Fannie Extend Aid to Landlords, Renters\",\"datePublished\":\"2020-07-02T12:51:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-fannie-extend-aid-to-landlords-renters\\\/\"},\"wordCount\":276,\"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-fannie-extend-aid-to-landlords-renters\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/freddie-fannie-extend-aid-to-landlords-renters\\\/\",\"name\":\"Freddie, Fannie Extend Aid to Landlords, Renters - 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