Struggling mortgage firms have been thrown a lifeline. The Federal Housing Finance Agency announced Wednesday that firms saddled with loans they would usually offload can now sell them to Fannie Mae and Freddie Mac. “Purchases of these previously ineligible loans will help provide liquidity to mortgage markets and allow originators to keep lending,” Mark Calabria, director of the FHFA, said in a statement to the Wall Street Journal. While industry players welcomed the news —
source https://therealdeal.com/2020/04/23/fannie-freddie-will-buy-loans-in-forbearance-for-a-pricey-fee/
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