Fannie Mae provides Covid-19 forbearance guidance for multifamily lenders and servicers

Federal Issues Covid-19 Fannie Mae Forbearance Mortgages

On April 7, Fannie Mae issued a letter providing Covid-19 forbearance process guidance for multifamily lenders and servicers.  In particular, multifamily lenders and servicers are required to use the Multifamily Asset Management Portal (MAMP) to submit delegated forbearance notifications and supporting documentation, and complete and submit reporting on delegated forbearance notifications using the Delegated Forbearance Tracking spreadsheet on the first business day of each week.  Non-delegated forbearance requests must also be submitted through MAMP.