The COVID Project
The record
- Jurisdiction
- United States
- Level
- Federal
- Authority
- 12 U.S.C. 4511 et seq. (conservatorship direction)
- Issued
- 2020-03-23 Mar. 23, 2020
- Effective
- 2020-03-23
- End
- codified by CARES Act sec. 4023 (Mar. 27, 2020); extended through 2020-2021 program terms (read as 2021-09-30)
- In force
- Mar. 23, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Enterprise multifamily servicers and borrowers
- Functions reached
- SV (multifamily servicing)
- BL (commercial real estate lending)
- Collection
- Financial Services SEC-13
Operative words
Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus. The eviction suspensions are in place for the entire duration of time that a property owner remains in forbearance.
Enforcement
Enterprise servicing guide requirements