The Federal Housing Finance Agency said multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac that enter into forbearance agreements must inform tenants in writing about tenant protections during the forbearance and repayment periods.
FHFA: landlords must inform tenants of protections
August 07, 2020 / By ICBA
The Federal Housing Finance Agency said multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac that enter into forbearance agreements must inform tenants in writing about tenant protections during the forbearance and repayment periods.
The Federal Housing Finance Agency said multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac that enter into forbearance agreements must inform tenants in writing about tenant protections during the forbearance and repayment periods.
Landlords with enterprise-backed mortgages can enter new or modified forbearance if they have experienced a financial hardship due to the COVID-19 emergency. While in forbearance, the property owners must agree not to evict tenants solely for the nonpayment of rent.
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