U.S. Orders Up To A Yearlong Break On Mortgage Payments

[desiboys]

Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.

Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly adopt a similar policy.

Under the plan, people who have suffered a loss of income can qualify to make reduced payments or be granted a complete pause in payments.

"That forbearance is up to 12 months, depending on their particular situation," says Mark Calabria, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie.

[foodlove]

Just now, desiboys said:

Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.

Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly adopt a similar policy.

Under the plan, people who have suffered a loss of income can qualify to make reduced payments or be granted a complete pause in payments.

"That forbearance is up to 12 months, depending on their particular situation," says Mark Calabria, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie.

Link buffalo 🐃? 

[desiboys]

https://www.npr.org/2020/03/19/818343720/homeowners-hurt-financially-by-the-coronavirus-may-get-a-mortgage-break?live=1&utm_term=nprnews

[Rabbo]

Not for immigrants ani kinda rasi untadhe....

[kothavani]

6 minutes ago, Rabbo said:

Not for immigrants ani kinda rasi untadhe....

No for every one who has impact to their financial situation like job.loss pay cut, loans which are governed under fanniemae,  freddimac and fha , off course as you said job loss ante mana h1 egiripoyinatle 😀

[foodlove]

21 minutes ago, Rabbo said:

Not for immigrants ani kinda rasi untadhe....

Not true buffalo 🐃 

[reality]

Just now, foodlove said:

Not true buffalo 🐃 

good post

[Rabbo]

37 minutes ago, foodlove said:

Not true buffalo 🐃 

bosedk....

[foodlove]

1 minute ago, Rabbo said:

bosedk....

Donkey 🦓 

[Rabbo]

51 minutes ago, kothavani said:

No for every one who has impact to their financial situation like job.loss pay cut, loans which are governed under fanniemae,  freddimac and fha , off course as you said job loss ante mana h1 egiripoyinatle 😀

Employer tho pay roll manage cheyochu bro...no mortgage aithe ...

[kothavani]

9 minutes ago, Rabbo said:

Employer tho pay roll manage cheyochu bro...no mortgage aithe ...

Cooecte full timers ki problem