“No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria
FOR IMMEDIATE RELEASE
4/27/2020
Washington, D.C. – To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage are not required to repay the missed payments in one lump sum.
“During this national health emergency, no one should be worried about losing their home," said Director Mark Calabria. “No lump sum is required at the end of a borrower's forbearance plan for Enterprise-backed mortgages (Click Here to Read the Entire Article)
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