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Financial Services Law Insights and Observations

FHFA updates FAQs and clarifies Covid-19 tenant protections

Federal Issues FHFA Covid-19 GSEs Fannie Mae Freddie Mac Mortgages

Federal Issues

On August 25, FHFA updated its Frequently Asked Questions (FAQ) regarding Fannie Mae and Freddie Mac assistance options for families impacted by the Covid-19 pandemic. Additionally, FHFA revised its “Tenant Protections for Enterprise-Backed Rental Properties in Response to COVID-19,” which is intended “to assist households that are unable to pay rent or utilities.” Among other things, the FAQs indicate that renters “living in a property financed by Fannie Mae or Freddie Mac have access to housing counselors with expertise in rental assistance programs and other programs to overcome financial hardships.” FHFA’s “Tenant Protections for Enterprise-Backed Rental Properties in Response to COVID-19,” clarifies and updates information for tenants in rental properties secured by a Fannie Mae or Freddie Mac mortgage.

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