MBA Statement on the Alignment of FHFA’s COVID-19 Mortgage Relief Policies
|Rob Van Raaphorst|
WASHINGTON, D.C. (February 25, 2021) - MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding FHFA's decision to align its COVID-19 mortgage relief policies with HUD, VA and USDA:
"MBA appreciates that FHFA has coordinated with the various government-backed loan providers to align Fannie Mae's and Freddie Mac's COVID-19 mortgage relief policies. The enhanced forbearance provisions will provide borrowers with the same options and allow mortgage servicers to streamline their offerings to provide relief for homeowners. We look forward to continuing to work with FHFA, the administration, and other stakeholders on ways to help consumers throughout this difficult time."