Monday 29 June 2020

Freddie Mac extends multifamily loan forbearance relief to landlords

Freddie Mac is expanding the mortgage relief options it offers multifamily property owners, but there are strings attached. The agency, which is under government conservatorship, today announced that landlords with federally-backed mortgages can further extend the repayment period. Putting off those payments does come with a price. Landlords who extend the forbearance period may not evict their tenants for nonpayment during that period, and they can’t charge tenants late fees or require a lump-sum repayment



source https://therealdeal.com/2020/06/29/freddie-mac-extends-multifamily-loan-forbearance-relief-to-landlords/

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