Fannie Mae Provides Assistance to Help Renters Impacted by COVID-19 Stay in Their Apartments
Federal National Mortgage Association (FNMA)
NASDAQ:AMEX Investor Relations:
fanniemae.com/portal/about-fm/investor-relations/index.html
Company Research
Source: PR Newswire
WASHINGTON, March 24, 2020 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) wants to help ensure families who are renting in multifamily properties are able to remain in their apartments during these unprecedented times. In coordination with the Federal Housing Finance Agency (FHFA), Fannie Mae is allowing lenders to grant forbearance to borrowers in properties financed by Fannie Mae for up to three months if the borrower is experiencing hardship due to the impact of the COVID-19 national emergency. As part of the forbearance plan, borrowers must agree to suspend evictions of tenants who are facing financial hardship due to the current crisis. Fannie Mae anticipates that this will provide relief to renters across more than 27,000 properties. "We are looking to provide relief to millions of families and communities who are affected by the devastating impact of COVID-19," said Jeffery Hayward, Executive Vice President of Multifamily, Fannie Mae. "We are well-positioned to react quickly in this
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FNMA
Sec Filings
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- 11/13/24 - Form ABS-15G/A
- FNMA's page on the SEC website