News Release

FHFA Extends COVID-Related Loan Processing Flexibilities for Fannie Mae and Freddie Mac Customers Through July

Washington, D.C. – The Federal Housing Finance Agency (FHFA) is extending several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac (the Enterprises) designed to help borrowers during the COVID-19 national emergency. Flexibilities extended until at least July 31st include:

• Alternative appraisals on purchase and rate term refinance loans;
• Alternative methods for verifying employment before loan closing;
• Expanding the use of power of attorney and remote online notarizations to assist with loan closings; and
• Authority to purchase mortgages in forbearance. 

Media: Raffi Williams Raffi.Williams@FHFA.gov