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Fannie Mae and Freddie Mac Roll Out New Payment Deferral Option

March 26, 2020 Loans & Finance

To further complicate the complicated mortgage relief picture surrounding the coronavirus outbreak, Fannie Mae and Freddie Mac have released their new “payment deferral” option early. Originally slated to roll out on January 1st, 2021, the pair are encouraging loan servicers to begin evaluating eligible borrowers on or after July 1st, 2020. Note that this relief [&hellip