The mortgage giants guarantee roughly half of the U.S. housing market Decision announced by the Federal Housing Finance Agency affects some 182,000 homeowners who are in some stage of the foreclosure process.
Mortgage giants Fannie Mae and Freddie Mac are suspending foreclosures and evictions of homeowners behind on their mortgages—and at risk of losing their homes—in the latest federal response to the outbreak of the coronavirus.
The 60-day suspension—announced Wednesday by the Federal Housing Finance Agency, the mortgage-finance companies’ independent federal regulator—affects some 182,000 homeowners who are in some stage of the foreclosure process, out of the roughly 28 million single-family mortgages backed by Fannie.
Source: Wallstreet Journal
