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Financial Services Law Insights and Observations

Fannie Mae extends Covid-19 forbearance delegation for multi-family units through March 2021

Federal Issues Covid-19 Fannie Mae Mortgages

Federal Issues

On December 22, Fannie Mae issued Supplement 20-16 extending the expiration of its Covid-19 forbearance delegation for servicers of multi-family units until March 31, 2021. The forbearance delegation authorizes servicers to grant initial forbearances of up to 3 months, and extensions for an additional 3 months, subject to various requirements.  Specific forms are provided for servicer’s use in granting forbearances and extensions.

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